Sugar Cane Growers Fund (SCGF) wishes to advise that all loan deductions for performing accounts have been deferred for the fourth cane payment to assist our valued growers during these difficult times. This decision was made after consulting the Permanent Secretary for Sugar Industry, Mr Yogesh Karan, the Sugar Cane Growers Council and other stakeholders. This non deduction would help the growers with their basic needs and also prepare them for the start of harvesting. SCGF Chief Executive Officer, Mr Raj Sharma, further stated that they have made this decision considering that the payment is $10.31. He said those growers who have loan arrears will be considered on cases by case basis. He also said that it is important that growers plant cane and produce good tonnage to avoid accounts being in arrears. Nonetheless, we will try to assist these wherever possible.
He also stressed that some growers are receiving considerable amount and can repay amounts back. He also advised that some of the growers have come forward to deduct the repayment, but it has been late for us and in that case they can pay back at our nearest district office. He advised that this loan repayment deferment however will be deducted through the Delivery and October payments, so growers need to manage this properly.
SCGF received a total payment of $6.4 million of which normal deductions would have been around $2.m However due to this deferment, only deducted $0.137m will be deducted. Mr Sharma said they are always there to help the growers but at the same time we must ensure that prudent measures must be taken to manage these loans.