Good News amid Farmers Protest: Cabinet Approves ₹3,500 Cr Subsidy for Sugarcane Growers

Amid the intensifying nationwide farmer's protest, government has announced a good news for the Annadatta. Recently, Cabinet Committee on Economic Affairs has approved ₹3,500 crore subsidy for sugar farmers, said Union Minister Prakash Javadekar on Wednesday. As per report, 60 lakh tonnes of sugar will be exported from India to abroad in the beginning of next year. This can really help to empower sugarcane farmers and enhance India's agriculture sector.

5 Crore Sugarcane Farmers will be Benefited 5 crore sugarcane farmers will be benefitted from Cabinet's decision on sugar and that farmers will get subsidy directly in their account.

"Cabinet has taken the decision to help farmers directly by depositing money of subsidy into their accounts. The subsidy will be given on 60 lakh tonnes of sugar exports at the rate of ₹6,000 per tonne," the minister said.

"Farmers sell their sugarcane to the sugar mills, however the farmers are not getting their dues from the sugar mill owners as they have surplus sugar stock. To address this concern, the Government is facilitating the evacuation of surplus sugar stock. This will enable payment of dues of the sugarcane farmers. Government will incur about ₹3,500 crore for this purpose, and this assistance would be directly credited into farmers’ accounts on behalf of sugar mills against cane price dues and subsequent balance, if any, would be credited to mill’s account," said CCEA in a statement.