Top News

Govt Grants Rs 3,500 Crore Subsidy On Sugar Export, To Benefit 5 Crore Farmers

Mumbai: In a recent development, the central government announced to help farmers by depositing subsidy money directly into their accounts. According to the announcement, a subsidy will be given for the export of 6 million tonnes of sugar at the rate of Rs 6000 per tonne. It was announced by Union Minister Prakash Javadekar.

“The Union 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 Rs 6000 per tonne,” Javadekar said.

The Union Minister further said that this step will help 5 crore farmers and 5 lakh workers in various sugar mills. Javadekar said, “Farmers will get 3 credits- within 1 week, farmers will get Rs5361 crore, Rs18,000 crore of export running to  be credited to their accounts to the extent of their dues, and Rs 3500 crore, the subsidy decided today.”

In particular, the decision from the Center has come on a day when farmers have intensified their agitation against the new agricultural laws of the Center. On Wednesday, they have completely closed the Chila border connecting Delhi to Noida.

On the other hand, more than 40 farmer unions protested the new laws written for the center on Wednesday, calling it to halt “parallel negotiations” with other peasant bodies over controversial legislation.

Follow us on TwitterInstagram, and like us on Facebook for the latest updates and interesting stories.

Tags
Show More

Comments

Total number of coronavirus cases in India crosses 700

No.of Cases in India Infected: 724 Death: 17 Recovered: 66

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker