The Impressive TimesNew Delhi, 21 Feb 2024: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved 7.93% hike in Fair and Remunerative Price (FRP) to Rs 340 per quintal for sugar season 2024-25 (OctoberSeptember). The decision is expected to benefit about 5 crore sugarcane farmers and their families. “This is historic price of sugarcane which is about 8% higher than FRP of sugarcane for current season 2023-24. The revised FRP will be applicable w.e.f. 01 Oct 2024,” an official statement said. Briefing media on Cabinet decisions, Union Information and Broadcasting (I&B) Minister Anurag Thakur said that FRP of sugarcane in the previous sugar season was Rs 315 per quintal. With this approval, sugar mills will pay FRP of 340 per quintal to farmers at recovery of 10.25%. With each increase of recovery by 0.1%, farmers will get additional price of Rs 3.32 while the same amount will be deducted on reduction of recovery by 0.1%.
The Cabinet also approved inclusion of additional activities in National Livestock Mission. Accordingly, the central government will provide Rs 10 crore for establishment of semen station and nucleus breeding farm for horse, donkey and camel. The National Livestock Mission would also include establishment of entrepreneurship for horse, donkey, mule, camel with 50% capital subsidy up to Rs 50 lakhs will be provided to individuals, Farmer Producer Organizations (FPO), SHG, JLG, FCO and Section 8 companies. The Mission would also include establishment of entrepreneurs for Fodder seed processing Infrastructure (Processing & Grading unit/Fodder storage godown) with 50% capital subsidy up to Rs.50 lakhs to the private companies, start-ups /SHGs /FPOs /FCOs /JLGs / Farmers Cooperative societies (FCO), Section 8 companies. “For increasing the fodder cultivation areas, the state government will be assisted for fodder cultivation in the non —forest land, waste land/range land/ non arable as well as forest land “Non-Forest Wasteland/Rangeland/Non-arable Land” and “Fodder Production from Forest Land” as well as in the degraded forest land,” the official statement said. The statement further said that the Livestock Insurance programme has been simplified. The Cabinet also approves Flood Management and Border Areas Programme (FMBAP) for the period 2021-26. It also gave its nod to a proposal of Ministry of Home Affairs of continuation of implementation of Umbrella Scheme on ‘Safety of Women’ at a total cost of Rs 1,179.72 crore during the period from 2021-22 to 2025-26.
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