Cabinet Sanctions Rs.1,718.56 Crore Support for Cotton Farmers
The Cabinet Committee on Economic Affairs has approved Rs.1,718.56 crore in Minimum Support Price (MSP) funding to the Cotton Corporation of India (CCI) for the 2023-24 cotton season. This initiative aims to provide direct price support to farmers across India, bolster cotton cultivation, and contribute to the vision of Aatmanirbhar Bharat. The plan covers MSP operations aimed at stabilizing market prices and preventing sales under distress conditions. CCI, the designated central nodal agency, has developed a comprehensive procurement network in all major cotton-growing states.
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