Modi govt's big move for sugarcane farmers, approves Rs 3,500 crore assistance
India TV NewsThe Narendra Modi government announced several steps benefitting the farmers in the cabinet meeting held on Wednesday. The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi approved an assistance of about Rs 3,500 crore for sugarcane farmers. The cabinet has approved Rs 3,500 crore assistance for about 5 crore sugarcane farmers. Farmers sell their sugarcane to the sugar mills, however the farmers are not getting their dues from the sugar mill owners as they have surplus sugar stock. The government will incur about Rs 3,500 crore for this purpose, and this assistance would be directly credited into farmers’ accounts on behalf of sugar mills against cane price dues and subsequent balance, if any, would be credited to mill’s account, a government statement said.