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Centre gives nod to bailout package worth Rs 7,000 cr for sugar sector
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Ashwani Maindola, New Delhi
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The union government on Wednesday approved a bailout package for the sugar sector. Worth Rs 7,000 crore, the package was approved by the Union Cabinet in a meeting chaired by prime minister Narendra Modi in order to improve the problem of liquidity of sugar mills resulting in the accumulation of huge cane price arrears of farmers, which has risen to Rs 22,000 crore in recent times.
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