Big Update FRP for Sugarcane: The central government has given a big gift to the farmers before releasing the 12th installment. To increase the income of farmers, the Modi government has increased the price of sugarcane by 2.6 percent and now farmers will be paid Rs 15 more per quintal on sugarcane in the next sugar season. This will increase the income of sugarcane farmers to almost double their cost.
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Highest FRP for sugarcane approved: The government has taken another big decision to increase the income of the farmers. The Union Cabinet for Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has increased the Fair and Remunerative Price (FRP) of sugarcane by Rs 15 to Rs 305 per quintal. That is, now double the money will come in the account of the farmers than their cost.
Government made big announcement for farmers
In the cabinet, the government has increased the FRP to increase the income of the farmers. Actually, FRP is the price below which farmers cannot be paid. That is, according to this, now farmers will get a guaranteed price of Rs 305 per quintal on sugarcane. This price has been implemented for the Chinese session 2022-23 (October-September). The Consumer Ministry has informed that for every 0.1 percent increase in FRP recovery of more than 10.25 percent, a premium of Rs 3.05 per quintal will also be given, while for every 0.1 percent decrease in recovery, FRP will be reduced by Rs 3.05. Not only this, it has been told by the government that in the case of sugar mills, no deduction will be made if the recovery rate is less than 9.5 percent.
Double money will come in the farmers account!
The ministry said that in the sugar season 2022-23, the cost of sugarcane production is estimated to be Rs 162 per quintal, while the farmers will be given Rs 305 per quintal, which is 88 percent more than their cost of production. That is, due to this, double the money will start coming in the account of the farmers. In the current sugar season, the price of sugarcane is Rs 290 per quintal. And now with the increase in FRP, the income of sugarcane farmers will almost double.
FRP increased by 34 percent in eight years
How conscious the central government is about increasing the income of farmers can be gauged from the fact that the Modi government has increased the guaranteed price of sugarcane by 34 percent in the last eight years. Also, in the coming sugar season, about 3,600 lakh tonnes of sugarcane are likely to be procured by the mills. In such a situation, about Rs 1.20 lakh crore will be paid to the farmers in the next session. That is, the income of the farmers will increase once again.
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Bumper benefit to farmers
The government has said that along with increasing the price of sugarcane, we are also ensuring that their payment is given to the farmers on time. Let us tell you that this decision of the government will directly benefit 5 crore farmers of the country. Along with this, 5 lakh workers working in sugar mills will also benefit from it.
