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Prime Minister Narendra Modi said on Thursday that he is committed to farmers’ welfare after the Centre decided to hike the minimum price that mills have to pay to sugarcane growers.
“Our government is committed to fulfilling every resolution related to the welfare of our farmer brothers and sisters across the country. In this context, a historic increase in the price of sugarcane purchase has been approved. This step will benefit crores of our sugarcane-producing farmers,” PM Modi said.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Wednesday, approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at â¹340/quintal at a sugar recovery rate of 10.25%.
“With this approval, sugar mills will pay FRP of sugarcane st Rs 340/quintal at recovery of 10.25%. With each increase of recovery by 0.1%, farmers will get additional price of Rs 3.32 while the same amount will be deducted on reduction of recovery by 0.1%. However, Rs 315.10/quintal is the minimum price of sugarcane which is at recovery of 9.5%. Even if sugar recovery is lesser, farmers are assured of FRP at Rs 315.10/quintal,” a Cabinet Committee on Economic Affairs (CCEA) press release read.
“In last 10 years, Modi Sarkar has ensured that farmers get Right Price of their Crop in Right Time. 99.5% cane dues of previous sugar season 2022-23 and 99.9% of all other sugar seasons are already paid to farmers leading to the lowest cane arrears pending in history of sugar sector. With timely policy interventions by the Government, sugar mills have become self-sustainable and no financial assistance is being given to them by Government since SS 2021-22. Still, Central Government has ensured ‘Assured FRP and Assured Procurement’ of sugarcane to farmers,” the government said in a statement.
