The government has decided to increase the Fair and Remunerative Price (FRP) for sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season, marking the highest increase since 2014. This decision, taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), is aimed at benefiting over 5 crore sugarcane farmers and ensuring their prosperity. The new FRP, which will be effective from October 1, 2024, is 107% higher than the cost of production. This move reaffirms the government's commitment to doubling farmers' income and comes ahead of the general elections.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.