Prime Minister Narendra Modi assured farmers that the Union Cabinet would approve the implementation of Minimum Support Price of 150% of the input cost.
Interacting with a group of sugarcane farmers, Modi said Union Cabinet would approve the implementation of Minimum Support Price of 150% of the input cost, in its forthcoming meeting, for the notified crops of Kharif season 2018-19. This would ensure a significant boost to the income of farmers.
He interacted with a group of over 140 sugarcane farmers at Lok Kalyan Marg in New Delhi.
The farmers were from Uttar Pradesh, Uttarakhand, Punjab, Maharashtra and Karnataka.
He also stated that within the next two weeks, the Fair and Remunerative Price (FRP) for sugarcane for the sugar season of 2018-19, will also be announced.
He said that this will also be higher than the 2017-18 price. It will also provide incentive for those farmers whose recovery from sugarcane will be higher than 9.5%.
The Prime Minister apprised the farmers about the various decisions taken to liquidate the arrears of sugarcane farmers. In the last seven to ten days itself, more than Rs. 4000 crore of arrears have been given to the farmers as a result of new policy measures enforced, the Prime Minister said.
He further assured the farmers that State Governments have been requested to take effective measures for liquidation of cane arrears.
The Prime Minister exhorted farmers to use sprinkler and drip irrigation, latest farming techniques, and solar pumps.
He urged farmers to install solar panels in their farms as a source of power, as well as additional income.
He called for emphasis on value addition of crops. He also urged them to use farm waste judiciously, as a source of nutrients and for additional income.
He exhorted farmers to aim for upto 10% reduction in chemical fertilizers by 2022