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Cabinet approves hike in sugarcane FRP by Rs 25 to Rs 340 per quintal

The government on Wednesday decided to hike the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. This is the highest Fair and Remunerative Price (FRP) for sugarcane announced by the Prime Minister Narendra Modi-led government since coming to power in 2014. In terms of quantum, this is the second time that the Modi government has increased the FRP by Rs 25 per quintal in one go. The decision to increase the FRP was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. It also comes ahead of the general elections.Sugarcane is grown mainly in Maharashtra, Uttar Pradesh, and Karnataka.
The CCEA approved the FRP of sugarcane for 2024-25 at Rs 340 per quintal at sugar recovery rate of 10.25 per cent, Information and Broadcasting Minister Anurag Thakur told reporters in New Delhi."This is a historic price of sugarcane which is about 8 per cent higher than FRP of sugarcane for current season 2023-24," he added.The new FRP is 107 per cent higher than A2+FL cost of sugarcane, Thakur said, adding that this would ensure prosperity of sugarcane farmers."India is paying the highest price of sugarcane in the world," the minister asserted.The revised FRP will be applicable with effect from October 1, 2024.The FRP has been determined on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP)."This decision of central government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in sugar sector," an official statement said.

Cabinet also approved the proposal of Ministry of Home Affairs of continuation of implementation of Umbrella Scheme on ‘Safety of Women’ at a total cost of Rs.1179.72 crore during the period from 2021-22 to 2025-26. Out of the total project outlay of Rs.1179.72 crore, a total of Rs.885.49 crore will be provided by MHA from its own budget and Rs.294.23 crore will be funded from Nirbhaya Fund.

 

 


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