PM Modi said that this step will benefit crores of sugarcane farmers (file photo)
New Delhi:
Prime Minister Narendra Modi on Thursday underlined his government’s commitment to fulfill its pledge for farmers’ welfare, and said the “historic” increase in sugarcane prices is part of such efforts.
These will benefit crores of sugarcane farmers, he said in a series of posts on Twitter on Wednesday highlighting several decisions taken by the Union Cabinet.
Our government is committed to fulfill every resolution related to the welfare of our farmer brothers and sisters across the country. In this context, a historic increase in the price of sugarcane purchase has been approved. This step will benefit crores of our sugarcane producing farmers.https://t.co/Ap14Lrjw8Zhttps://t.co/nDEY8SAC3D
— Narendra Modi (@narendramodi) 22 February 2024
The cabinet meeting chaired by PM Modi increased the minimum price offered by mills to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting from October.
An official statement after the decision said, “The new FRP will ensure prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price for sugarcane in the world and yet the government is ensuring the cheapest sugar in the world to domestic consumers.
Responding to other Cabinet decisions, he said the steps taken with regard to the National Livestock Mission will bring major growth in fodder production and breed conservation as well as exciting opportunities for entrepreneurs.
The government on Wednesday revised the National Livestock Mission by including various activities and provided 50 per cent capital subsidy to individuals and organizations to set up horse, donkey, mule and camel entrepreneurship.
The government on Wednesday eased foreign direct investment (FDI) norms in the space sector by allowing 100 per cent foreign investment in making components for satellites, as part of efforts to attract foreign players and private companies into the sector.
Appreciating this, PM Modi said, “Creating new orbits for growth and innovation! Our government has updated the FDI policy in the space sector, paving the way for a galaxy of opportunities.”
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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