Modi Government Increases Sugarcane Price to Rs 340 per quintal

As per Union Minister Dharmendra Pradhan, the Modi government has introduced a noteworthy initiative for sugarcane farmers nationwide. Prime Minister Narendra Modi approved a significant rise in the sugarcane buying charge, which was raised from Rs 315 per quintal to Rs 340 per quintal for the upcoming 2024–2025 sugarcane season.

Dharmendra Pradhan underlined the decision’s importance and its direct effect on the more than 5 crore sugarcane farmers and their households during his dialogue about this improvement. By elevating the buying rate, we hope to help sugarcane growers financially and provide them with an awful lot of needed comfort and support.

Dharmendra Pradhan went on to mention that this software is consistent with Prime Minister Modi’s pledge to double the earnings of farmers. The authority’s goals are to empower farmers and beautify their well-known residing by ensuring a simple and equitable price for sugarcane.

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Dharmendra Pradhan additionally burdened how the government’s clear up to support farmers and the agriculture industry is proven with the aid of its selection to grow the sugarcane purchase price. Prime Minister Narendra Modi’s intention of a strong and wealthy agricultural atmosphere is one step toward truth with this historical milestone.

Dharmendra Pradhan praised the significant increase in the purchase price and reiterated the government’s unwavering commitment to supporting farmers and guaranteeing their success on behalf of all sugarcane growers in the country.

what is the significance of the Modi government’s decision to increase the purchase price of sugarcane?

The Modi government’s choice to boom the Fair and Remunerative Price (FRP) of sugarcane to ₹340 consistent with quintal for the upcoming 2024-25 sugar season signifies numerous important points concerning the Indian agriculture area and the government’s efforts to improve farmer welfare:

1. Ensuring aggressive pricing: The new FRP is about 8% higher than the current rate, aiming to maintain competitiveness with global markets and offer higher returns to sugarcane farmers.
2. Supporting smallholder farmers: More than five crore sugarcane farmers stand to advantage from this increase, alongside numerous others engaged in the sugar enterprise.
3. Doubling farmers’ earnings: The decision aligns with the Modi authorities’s purpose of doubling farmers’ earnings, demonstrating a commitment to enhancing rural economies.
4. Timely charge warranty: The authorities have continuously worked toward decreasing cane arrears, with 99.5% of the previous season’s dues having been settled and almost 100 % of all other sugar seasons’ dues paid.
5. Self-sufficiency of sugar turbines: The authorities have ceased offering monetary assistance to sugar generators since the 2021-22 season, indicating that they may be financially sustainable.
6. Encouraging funding in agriculture: Additional measures like capital subsidies for animal husbandry and cattle insurance programs exhibit the government’s broader interest in promoting an increase in the agricultural sector.

Overall, the Modi authorities’s decision to increase the sugarcane FRP highlights its persevered focus on addressing the desires of farmers and fostering a robust agricultural economy.