FRP for Sugarcane: Farmers enjoyed, now sugarcane will get double price

New Delhi : FRP for Sugarcane: Before releasing the 12th installment (12th installment by the central government), the central government has given a big gift to the farmers. 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 per […]
 


FRP for Sugarcane: Farmers enjoyed, now sugarcane will get double price

New Delhi : FRP for Sugarcane: Before releasing the 12th installment (12th installment by the central government), the central government has given a big gift to the farmers. 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 per quintal more on sugarcane in the next sugar season. This will increase the income of sugarcane farmers to almost double their cost. To increase the income of the farmers, the government has taken another big decision. The Union Cabinet, 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 twice the money will come in the account of the farmers than their cost.

Government made big announcement

In the cabinet, the government has increased the FRP to increase the income of the farmers. In fact, FRP is the price from which farmers cannot be paid at a lower price. 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 sugar season 2022-23 (October-September). The Consumer Ministry has informed that for every 0.1 percent increase in FRP recovery above 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 said 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 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. Money will start coming. 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 up 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 guarantee price of sugarcane by 34 percent in the last eight years. There is a possibility of procurement of 3,600 lakh tonnes of sugarcane. 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.

bumper benefits to farmers

The government has said that along with increasing the price of sugarcane, we are also ensuring that the farmers get their payment 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 get its benefit.

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