TAD NewsDesk, New Delhi: Union Minister Prakash Javadekar said that the Cabinet Committee on Economic Affairs has recently approved an amount od ₹3,500 crore subsidy for sugar farmers. 60 lakh tonnes of sugar will be exported from India to abroad at the beginning of next year. And hence this will be a major benefit for the sugar farmers.
5 crore sugarcane farmers will be benefitted from this decision of the Cabinet and this will get credited directly to their accounts.
Mr Javedkar said,
“Cabinet has taken the decision to help farmers directly by depositing money of subsidy into their accounts. The subsidy will be given on 60 lakh tonnes of sugar exports at the rate of ₹6,000 per tonne.”
Moreover, CCEA added in a statement that,
“Farmers sell their sugarcane to the sugar mills, however, the farmers are not getting their dues from the sugar mill owners as they have surplus sugar stock. To address this concern, the Government is facilitating the evacuation of surplus sugar stock. This will enable payment of dues of the sugarcane farmers. The government will incur about ₹3,500 crores for this purpose, and this assistance would be directly credited into farmers’ accounts on behalf of sugar mills against cane price dues and subsequent balance, if any, would be credited to mill’s account.”
Due to this ongoing pandemic and the farmers’ agitation against the Centre farm laws, this decision comes as a relief to some of the farmers.
Source: Krishi Jagran