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Govt Grants Rs 3,500 Crore Subsidy on Sugar Export, Money of Subsidy Will Directly Deposit into Customers Account

Govt Grants Rs 3,500 Crore Subsidy on Sugar Export, Money of Subsidy Will Directly Deposit into Customers Account

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Srinagar, Dec 17: At a time when the farmers’ protest entered 22nd day in the national capital, the Central government on Wednesday took a decision to help farmers directly by depositing money of subsidy into their accounts. As per the announcement, the subsidy will be given on 60 lakh tonnes of sugar exports at the rate of Rs 6000 per tonne. This was announced by Union Minister Prakash Javadekar.

“The Union Cabinet has taken the decision to help farmers directly by depositing money of subsidy into their accounts. The subsidy will be given on 60 lakh tonnes of sugar exports at the rate of Rs 6000 per tonne,” Javadekar said.

The Union Minister further added that the move will help 5 crore farmers and 5 lakh workers in various sugar mills. “Farmers will get 3 credits- within 1 week, farmers will get Rs5361 crore, Rs18,000 crore of export running to be credited to their accounts to the extent of their dues, and Rs 3500 crore, the subsidy decided today,” Javadekar added.

Notably, the decision from the Centre has come n a day when the farmers have intensified their agitation against the Centre’s new farm laws. On Wednesday, they have completely closed the Chilla border that connects Noida with Delhi.

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