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UP is the only state where the milk cooperative federation is buying milk from farmers at a high rate of Rs 32 to Rs 38 per litre, selling it in the market at Rs 52 per litre.(Representative image/ Shutterstock)

UP milk federation seeks state guarantee for Rs 96 cr bank loan

By Anupam Srivastava | Hindustan Times, Lucknow, Lucknow
PUBLISHED ON JUL 17, 2018 01:46 PM IST
The Uttar Pradesh Pradeshik Milk Cooperative Federation (Parag) has sought state guarantee to get bank loans to the tune of Rs 96 crore for paying dairy farmers. The move comes after the Gujarat government bailed out its cooperative Amul with a Rs 300 crore package.
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