• Page last updated on: 21 December 2018
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SCHEME FOR CREATION AND MAINTENANCE OF BUFFER STOCK, 2018

In order to maintain demand supply balance in the domestic market and to stabilize sugar prices thereby improving liquidity of sugar mills enabling them to clear cane price arrears of farmers, Government has created a buffer stock of 30 LMT of sugar for one year w.e.f. 01.07.2018. The Government will reimburse carrying cost of Rs 1175 cr to sugar mills for maintaining such buffer stock. The subsidy shall be credited to a no-lien bank account opened by the sugar mill. From this no-lien account, banks shall directly remit the funds into the accounts of farmers on behalf of sugar mills against cane price arrears and subsequent balance, if any, would be credited to mills’ account.