New Delhi:

New Delhi: Thanking Prime Minister Narendra Modi for approving the highest ever fair and remunerative price for sugarcane, Union Home Minister Amit Shah on Wednesday said the Modi government is committed to financially empowering farmers. The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday increased the Fair and Remunerative Price (FRP) of sugarcane by Rs 2023 to Rs 24 per quintal for the 10-315 season.

FRP is the minimum price at which sugar mills buy sugarcane from farmers. The sugarcane crushing season starts from October. "The Modi government is committed to financially empowering farmers. Today, the Cabinet thanked Prime Minister Modi for approving the most reasonable and remunerative price ever for sugarcane farmers. This decision will benefit about five crore sugarcane farmers and lakhs of workers working in sugar mills.

The home minister said the government has approved a number of schemes in the Cabinet meeting which shows its resolve for the welfare of farmers. "These schemes will reduce the cost of cultivation of farmers and increase productivity. Also, promoting new alternatives like natural farming, nano urea and organic manure will greatly improve the condition of land used in agriculture.

Shah also thanked the Prime Minister for approving the National Research Foundation Bill in the Cabinet meeting. "With a total allocation of Rs 50,000 crore, it will pave the way for India to guide scientific research," he said. This will pave the way for the establishment of the National Research Foundation (NRF).

The Cabinet also approved a new scheme 'PM-Pranam' to encourage states to promote alternative fertilisers and reduce the use of chemical fertilisers. It also decided to continue the existing urea subsidy scheme till March 3 with an outlay of Rs 68.2025 lakh crore.

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