The State Government Offers Financial Assistance to Cotton and Soybean Growers
Nagpur: In a significant move to support the agriculture sector, the state government has sanctioned substantial financial aid for cotton and soybean farmers affected by last year's price declines.
To mitigate the impact of these losses, the government unveiled a relief package aimed at helping cotton and soybean cultivators during the kharif marketing season 2023-24. This package includes a grant of ₹5,000 per hectare, capped at two hectares per farmer.
The government has structured the financial assistance into two categories: ₹1,000 per hectare for areas under 0.2 hectares and ₹5,000 per hectare for areas exceeding 0.2 hectares, up to a maximum of two hectares.
As the Government Resolution (GR) was issued on July 29, the exact amount to be allocated to farmers in Vidarbha remains to be determined, according to officials.
"However, the process has already started at district levels across both divisions in Vidarbha. We will need to begin by compiling a list of eligible farmers and completing other preliminary tasks," an official explained.
The government has allocated a total expenditure of ₹4,194.68 crore for this financial assistance scheme. Of this, ₹1,548.34 crore is designated for cotton farmers, while ₹2,646.34 crore is earmarked for soybean growers. The funding will be released as part of the additional budget presented on July 5, supporting a special action plan designed to enhance the productivity and value chain of cotton, soybean, and other oilseed crops.
Eligibility for this financial support is clearly defined: Cotton and soybean farmers who cultivated their crops during the 2023 kharif season are eligible to receive ₹1,000 per hectare for areas under 0.2 hectares and ₹5,000 per hectare for areas up to two hectares. This scheme is expected to bolster the agricultural sector, reflecting the government's commitment to addressing the needs of the farming community.
Read More :> Cotton Prices Dip Below ₹60,000/Candy Amid Weak Yarn and Garment Demand
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
