Maharashtra Cabinet Approves Rs 1000 Cr Support For Cotton A...| MENAFN.COM

Sunday, 26 June 2022 01:30 GMT

Maharashtra Cabinet Approves Rs 1000 Cr Support For Cotton And Soyabean Production


(MENAFN- KNN India) Maharashtra Cabinet approves Rs 1000 cr support for cotton and soyabean production

Pune, June 23 (KNN) In a plan to support farmers and increase the production of cotton and soybean in the state, the Maharashtra government has approved Rs 1000 crore in a new plan.

The state government aims to cover 300-400 cotton, soyabean farmer producer companies by the end of the plan that started in June.

The authorities have decided to provide Rs 450 crore for cotton and soyabean and Rs 100 crore for other oilseeds.



This plan will help the low-income farmers living in areas with low productivity.

As per the project, farmers within hundred acres are covered and ten groups are made with each group having one farmer producer company each.

“Almost 60% of crops grown in Maharashtra are soyabean and cotton,” said Dashrath Tambhale, director agriculture and additional project director, State of Maharashtra's Agri-business and Rural Transformation Program (Smart) project.

Vikas Patil, director, Agriculture (extension and training), Agriculture Commissionerate, said,“While farmers shall grow crop individually, marketing and buying machines could be done in group.”

“If a farmer wants to buy a machine, he/she might not be able to buy it individually but as a group it becomes easier. Hence, the scheme will help farmers,” he added.

According to authorities, the plan has been implemented in 22 districts where soyabean is grown and 17 cotton-producing districts.

Some of the districts that grow cotton are Beed, Akola and Amravati, and Latur, Osmanabad and Buldhana for soyabean. (KNN Bureau)

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