What is the significance of increasing Fair and Remunerative Price of sugarcane by the Centre
Understanding the impact of the Centre's decision to increase Fair and Remunerative Price of sugarcane from October 1.
- Encourages farmers: Increasing the Fair and Remunerative Price of sugarcane incentivizes farmers to cultivate more sugarcane as they receive better returns for their produce.
- Boosts rural economy: Since sugarcane cultivation is a major source of income for many farmers, higher prices can stimulate economic activity in rural areas.
- Improves farmers' livelihoods: Higher prices for sugarcane can improve the livelihoods of farmers by providing them with increased income, which can result in a better standard of living.
- Ensures industry sustainability: By offering a better price for sugarcane, the government supports the sugar industry's sustainability and growth, ensuring a consistent supply of raw material.
- Increases sugar production: With higher prices, farmers may increase their sugarcane production, leading to higher sugar production which can help in meeting domestic demand and export requirements.
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a year ago