Home / Knowledge / News / Textiles / Egypt's cotton farmers to get LE70mn for pest control
Egypt's cotton farmers to get LE70mn for pest control
09
Aug '13
Egyptian Government will allocate (LE) Egyptian pounds 70 million (US$ 10 million) to cotton farmers in the country for financing pest control, according to a report Finance Minister Ahmed Galal received from the Ministry’s general budget sector.
 
Cotton farmers in Egypt will be granted LE100 (US$ 14.3) per feddan, an Egyptian unit of area equivalent to 1.038 acres (0.42 hectares), to purchase pesticides.
 
According to the report, the LE70 million come under the plan of allocating LE473.2 million (US$ 60.5 million) to Egyptian farmers during the 2013-14 fiscal year by the State’s Treasury, reports Egypt Independent.
 
The State’s Treasury has been supporting the farmers with more than LE1 billion (US$ 140 million) over the past two fiscal years.
 
The report states the Treasury will be paying 6 percent of the value of the interests that will be provided to the farmers.
 
The subsidies would be disbursed through the Principal Bank for Development and Agricultural Credit.
 
In the fiscal year 2012-13, the State Treasury allocated LE183.9 million (US$ 26.33 million) to the farmers in Egypt, where as in the fiscal year 2011-12, LE346.1 million (US$ 49.55 million) were offered to the farmers.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search