Uttar-Pradesh: Payments worth crores of rupees to farmers are stuck at Oswal Sugar Mill located in Hafizganj police station area of Bareilly. On which the government adopted a new stance and auctioned the sugar mill to clear the pending payments of the farmers.
Let us tell you that the process of auction of Oswal Sugar Mill will start on 29th December. This sugar mill is spread over 642 bighas, and its first bid will start at Rs 165 crore. The district administration has taken necessary steps regarding the auction process, so that transparency is maintained and farmers are helped in getting their due payments.
Oswal Sugar Mill owes farmers Rs 70 crore, which has not been paid yet. This dues is related to the operation of the mill, and the farmers had appealed to the administration several times regarding this.
The auction of the mill is being organized at a time when the farmers of this area are worried about their dues for a long time. The district administration says that through this process the mill dues will be paid to the farmers and Oswal Sugar Mill will be operated effectively again.
National Bank and other financial institutions are also excited about the prospect of participating in this auction, as this mill has been one of the major sugar mills in Uttar Pradesh.
The auction process will be conducted completely digitally, thereby avoiding any irregularities and providing a level playing field to all interested buyers.
All interested buyers participating in this auction will have to register their presence at the designated place on 29th December.
Comments are closed.