Modi Govt approves aid of about Rs 3500 crore for Sugarcane Farmers

The government has decided to export 6 million tonnes of sugar, the earnings from it, its subsidy will directly reach the account of 5 crore farmers.

Yogita S.
Published on: 16 Dec 2020 11:49 AM GMT
Modi Govt approves aid of about Rs 3500 crore for Sugarcane Farmers
X
PM Modi
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo

New Delhi: On the one hand, agitation against agricultural law has been going on for 21 days today, on the other hand, there was a meeting of the Union Cabinet led by Prime Minister Narendra Modi. In this meeting, the government has decided to export 6 million tonnes of sugar, the earnings from it, its subsidy will directly reach the account of 5 crore farmers.

After the cabinet meeting, Union Ministers Prakash Javadekar and Ravi Shankar Prasad informed these decisions in a press conference.

Subsidy directly to farmers' account

In the press conference, the Union Minister said that this year the government has decided to subsidize the export of 6 million tonnes of sugar. Subsidies will go directly to farmers' account, it will cost 3500 crores. Apart from this, income of Rs 18000 crore will also be given to the farmers.

U P government is yet to find way to fund loan waiver scheme

ALSO READ: CM Yogi in Prayagraj, says ‘Govt is ready to solve every problem of lawyers’

The Union Minister said that 5 crore farmers will benefit from this, 5 lakh laborers will benefit. According to the minister, within a week, farmers will get subsidy of up to Rs 5000 crore. 60 lakh tons of sugar will be exported at the rate of Rs 6 thousand per ton.

Production of Rs 310 lakh tones this year:

According to Prakash Javadekar, sugar production will be 310 lakh tonnes this year. The consumption of the country is 260 lakh tonnes. To overcome this, it decided to export 6 million tonnes of sugar and to subsidize exports. Due to low sugar prices. In the midst of the farmers' agitation on the issue of agricultural law, the Modi government has decided for a large number of farmers. The government is constantly trying to convince the farmers on the issue of agricultural laws.

ALSO READ: Farmers Protest Live: PM Modi holds cabinet meeting for Farmers

Prakash Javadekar said that a new budget approved to improve the power system in the Northeast. Previously it was to cost Rs 5 thousand crore, but now it will cost 6700 crore. According to Prakash Javadekar, the transmission line will be extended through this, meeting the 24-hour power target.

Stay tuned with the newstrack to get fastest updates. Click @englishnewstrack to follow us on Facebook and @newstrackmedia to follow on Twitter.

Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

Next Story