MUMBAI: The Maharashtra government on Wednesday announced an incentive scheme to encourage quality performance among cooperative and private sugar factories in the state.
Six factories - three cooperative and three private - will be selected annually for awards. The government has released a government resolution in this regard.
According to the government resolution, sugar factories will be assessed on nine parameters including timely payment of Fair and Remunerative Price (FRP) to farmers for three consecutive years, sugar recovery rate, incentives given to farmers with high per-hectare production, use of artificial intelligence, maximum area coverage, low carbon emissions and high carbon credits, timely repayment of government loans, employee strength limits and salary distribution and accurate financial management.
FRP payments will carry 15 points, while financial management and employee limits will have 5 points each. All other criteria will be worth 10 points each. A two-tier committee system will handle the selection.
The Screening Committee, chaired by the Sugar Commissioner, with the Joint Director of Sugar (Pune) as member secretary.