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More funding sources for sugarcane farmers

Felix Chaudhary
Saturday, March 01, 2014

SUGARCANE growers who find that their portion of the $8.4million government grant is not enough to meet land preparation and cane planting costs can access more funds from other sources.

This is the word from CEO of the Sugar Cane Growers Council, Sundresh Chetty.

Speaking to growers who attended consultations at the council's headquarters in Lautoka on Thursday, Mr Chetty said the interest-free Cane Development Revolving Fund was also available to them.

"This is finance that is administered by the Sugar Cane Growers Fund that is available to you, interest-free," he said.

"There is $1.8million available and you can apply for this if you feel that the government grant may not be enough to cover the cost of all your processes."

The Cane Development Revolving Fund was established in 2010 with a $6m contribution from the government and $3m from the Sugar Cane Growers Fund.

It was primarily set up to aid cane replanting and new planting programs.

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