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Incentives for Agri products
November 15 , 2021
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- The Cabinet Committee on Economic Affairs (CCEA) approved several measures to support farmers of cotton, sugar cane and jute.
- It has increased the price of ethanol extracted from sugar cane juice to blend it with petrol.
- It has approved reservation norms for mandatory use of jute in packaging.
- With this approval, 100% of food grains and 20% of sugar are required to be packed in jute bags.
- Ethanol blending with petrol is expected to reach 10% by 2022 and 20% by 2025.
- The Oil marketing companies purchase ethanol from distilleries and sugar mills at the rate set by Government.
- Ethanol blending programme reduced the dependence on crude oil imports.
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