📷 Image: Wikimedia Commons / Ministry of Consumer Affairs, Food and Public Dist
Business
CAG Highlights Poor Recovery of Haryana Sugar Mill Loans, Calls for Lending Policy Review
✍️ ChiniMandi
🗓 04 Sep 2026, 05:48 PM
👁 3
The Comptroller and Auditor General has raised concerns over the low recovery rates of loans extended to sugar mills in Haryana, urging the state to reassess its lending framework.
The Comptroller and Auditor General (CAG) released a report highlighting that a significant portion of loans granted to sugar mills in Haryana remains unrecovered.
According to the audit, the recovery ratio for these loans is markedly lower than the national average, indicating potential risks in the state’s credit portfolio.
The CAG recommends that the Haryana government review its lending guidelines, strengthen credit appraisal mechanisms, and implement stricter monitoring to curb further losses.
Failure to address these issues could impact the financial health of the state’s sugar industry and the broader agrarian economy.
According to the audit, the recovery ratio for these loans is markedly lower than the national average, indicating potential risks in the state’s credit portfolio.
The CAG recommends that the Haryana government review its lending guidelines, strengthen credit appraisal mechanisms, and implement stricter monitoring to curb further losses.
Failure to address these issues could impact the financial health of the state’s sugar industry and the broader agrarian economy.