Modi Authorities Approves Hike In Sugarcane Procurement Costs Amid Farmers Protest

New Delhi: The Cupboard Committee on Financial Affairs led by Prime Minister Narendra Modi on Wenesday authorised the Honest and Remunerative Value (FRP) of sugarcane at Rs 340/quintal at a sugar restoration charge of 10.25%, information company ANI quoted as saying CCEA stated.The choice by the Narendra Modi-led NDA authorities comes amid the continuing agitation of the farmers. Addressing a press convention, I&B Minister Anurag Thakur stated, “It has been determined to repair the value for the upcoming sugarcane season, within the interval from October 1, 2024, to September 30, 2025, to make sure the truthful and cheap worth of sugarcane to the farmers by the sugar mills.”

“It has been determined to repair the value at Rs 340 per quintal for the yr 2024-25 as in comparison with the earlier yr which was Rs 315, which has elevated to Rs 340 per quintal this yr…” Thakur added.

Thakur claimed that the federal government is paying 107 per cent greater for sugarcane to farmers than the A2 plus FL price components for sugarcane. Beneath PM-KISAN scheme, Thakur stated the federal government has paid Rs 2.81 lakh crore to round 12 crore farmers. He attacked the Congress for not doing sufficient for farmers, saying “Congress ke samay na samman tha na nidhi thi”.

Beneath PM-KISAN, the Centre pays Rs 6,000 per yr to eligible farmers in three equal instalments. “That is our dedication and obligation in the direction of the farmers,” he stated.

Hailing the value revision as ‘historic’, the Cupboard Committee on Financial Affairs (CCEA) stated that ” the revised worth of sugarcane is about 8% greater than the FRP of sugarcane for the present season 2023-24.” The revised FRP shall be relevant w.e.f. 01 Oct 2024.