The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved approximately Rs 3,500 crore in financial assistance for sugarcane farmers. This aid is intended to help sugar mills pay outstanding dues to farmers by facilitating the evacuation of surplus sugar stock. The funds will be directly credited to farmers' accounts.
This assistance would be directly credited into farmers accounts
Decision will benefit the five crore sugarcane farmers (Ganna Kisan) and their dependents, as well as the five lakh workers employed in the sugar mills and related ancillary activities
The Cabinet Committee on Economic Affairs, c
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FAQ :
The Cabinet has approved assistance of about Rs. 3,500 crore for sugarcane farmers.
This decision will benefit approximately five crore sugarcane farmers and their dependents, as well as five lakh workers employed in sugar mills and related ancillary activities.
The assistance is being provided to address the issue of farmers not receiving their dues from sugar mill owners due to surplus sugar stock. The government is facilitating the evacuation of this surplus stock to enable payments.
The assistance will be directly credited into farmers' accounts on behalf of sugar mills against cane price dues.
The subsidy aims to cover marketing costs, including handling, upgrading, processing, and transport costs for the export of up to 60 LMT of sugar.