The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi on December 16 has approved assistance of about Rs. 3,500 crore for sugarcane farmers (Ganna Kisan).
Currently, there are close to five crore sugarcane farmers (Ganna Kisan) and their dependents in India. In addition to this, there are about five lakh workers employed in the sugar mills and ancillary activities; and their livelihood depends on the sugar industry.
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 Rs. 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.
This subsidy aims at covering expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of upto 60 LMT of sugar limited to Maximum Admissible Export Quota (MAEQ) allocated to sugar mills for sugar season 2020-21
This decision will benefit the five crore sugarcane farmers and their dependents, as well as the five lakh workers employed in the sugar mills and related ancillary activities.
Today is a day of special happiness for crores of Annadata of the country. The cabinet has approved an assistance of Rs 3500 crore for 5 crore sugarcane farmers. Money will be directly transferred to their accounts. This will also benefit millions of workers associated with sugar mills.
Farmer’s interest is always on top priority for PM @narendramodi ji’s govt. Today’s Cabinet announcement of export subsidy on Sugar not only solves the problem of excess production but also gives Rs 27,000 Crore approx. to 5 Crore Sugarcane farmers & benefits 5 Lakh laborers.
The Union Home Minister, Shri Amit Shah said that the Modi government is continuously working in the interests of farmers of the country. In a tweet he said the Modi government took another major decision and approved an assistance of Rs. 3,500 crore for sugarcane farmers. Shri Amit Shah expressed his heartfelt gratitude to the Prime Minister, Shri Narendra Modi for this decision which will benefit five crore sugarcane farmers, their families and five lakh workers associated with this sector. Shri Amit Shah further said that this assistance will be directly deposited in the accounts of farmers.