The FRP of sugarcane has been fixed at Rs 315 per quintal for the 2023-24 season.
The government on Wednesday increased the Fair and Remunerative Price (FRP), the minimum price that mills have to pay to sugarcane growers, by Rs 10 to Rs 315 per quintal for the 2023-24 season starting October.
Read More: Govt Seeks Industry Feedback on PLI Scheme to Enhance Effectiveness
The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
The FRP of sugarcane has been fixed at Rs 315 per quintal for the 2023-24 season.
Read More: Bandhan Bank triples number of branches to 1,500 in less than 8 years
“The Cabinet has increased the FRP of sugarcane to Rs 315 per quintal for 2023-24. Last year, FRP of sugarcane was Rs 305 per quintal,” Information and Broadcasting Minister Anurag Thakur told reporters after the cabinet meeting.
Read More: IndiGo Crosses Rs 1 Lakh Crore In Market Cap, Becomes India’s First Airline To Achieve This
The Prime Minister has always been with “annadata”. The government has given priority to agriculture and the farmers, he said.
The FRP of sugarcane, which stood at Rs 210 per quintal in 2014-15 season, has now been increased to Rs 315 per quintal for 2023-24 season, he added.
