Modi government gives big gift to farmers, will get Rs 10 more per quintal on sugarcane crop
Farmers will now be able to get a higher price for their sugarcane crop. A major decision has been taken for sugarcane farmers in a cabinet meeting chaired by Prime Minister Narendra Modi today.
Farmers will now be able to get a higher price for their sugarcane crop. A major decision has been taken for sugarcane farmers in a cabinet meeting chaired by Prime Minister Narendra Modi today. The government has approved to increase the FRP (Fair & Remunerative Price) of sugarcane by Rs 10 per quintal for the financial year 2020-21. Let us tell you that FRP is the price at which sugar mills buy sugarcane from farmers. Apart from this, the Sugar Year starts every year from October 1 and runs till September 30 the following year.
Farmers will get more price for sugarcane
Last year, sugarcane farmers were very angry due to not increasing the purchase price. But after this decision of Modi government this year, farmers will get a price of Rs 285 per quintal on their sugarcane crop. Let us tell you that apart from FRP, the state government also decides the price of sugarcane for the farmers on their behalf. This is called SAP (State Advised Price). For the last year 2019-20, the Uttar Pradesh government had fixed the sugarcane SAP at Rs 325 per quintal.
Difficulties will increase for sugar mills
The cabinet’s decision to increase the FRP may be good for the farmers but it has shocked the sugar mills. Because, about 20 thousand crores of sugarcane farmers are owed to the sugar mills. In such a situation, it is difficult to say how much benefit farmers will get from increasing FRP.
