1. Home
  2. Agriculture World

Cotton farmers receive Rs. 6,314 crores from Government, Over 5 lakh farmers are benefited

Textiles minister Smriti Zubin Irani on Tuesday said that under the Cotton Corporation of India, the government has transferred Rs 6,314 crore to farmers after procuring cotton valued at over Rs 7,500 crore, thereby benefiting over 5 lakh farmers.

Chintu Das
Cotton farmers
Cotton farmers

Smriti Irani, Textiles minister commented on Tuesday that the government has transferred Rs 6,314 crore to farmers under the Cotton Corporation of India, subsequent to securing cotton estimated at over Rupees 7,500 crore, accordingly profiting more than 5 lakh ranchers. 

She also added, this is the 1st monetary support provided by the government to a developing industry where competitiveness and capability will be appreciated and rewarded. The support was given under the recently approved production linked incentives (PLI) to the textiles sector. 

"Industry wants the Indian government to provide changes. The government has introduced labour reforms and furthermore given ample space for the states to help modern development in industrial space," Irani said at an occasion coordinated by the Confederation of Indian Industry. 

The Textiles minister said the government has embraced agrarian changes which impacts the wellspring of raw material. She said, "Agrarian reforms advises the industry that it needs to become mature, however not at the expense of the farming community,". She has furthermore requested that industry to become independent in the wool section and beat the difficulties identified with processing of silk. 

The minister said, from zero units in the month of March, India in the current times has more than 1,100 organizations to deliver PPE (personal protection equipment) suits and has become the second biggest exporter of PPEs to the world. 

She said that India currently has 207 items in technical textiles and HSN codes upto 8 digits and that the Bureau of Indian Standards (BIS) has given Indian standards for more than 300 items in the year 2020 and set norms for 30 new items.  

She said, the ministry of textiles worked with 16 different ministries and guaranteed 92 specialized textiles items utilized in several zones, for example, agribusiness, medical care, hygiene, water assets, roads and highway development, were ordered and made obligatory for use. 

Take this quiz on World Meteorological Day to check your knowledge about meteorology! Take a quiz
Share your comments
FactCheck in Agriculture Project

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters