Home / Knowledge / News / Textiles / Beninese govt provides special credit for cotton
Beninese govt provides special credit for cotton
13
Sep '14
The Government of Benin has allotted a special credit to cotton farmers for cotton production, according to reports by Beninese Ministry for Microfinance.

The Government of Benin has taken this step in order to increase the production of cotton in Benin. According to reports, this program will help provide special credit to support cotton farmers during the lean season, to help them manage surviving the growing period without selling off the inputs for cotton.

The main aim of the Government of Benin is to increase the cotton production up to 600,000 tons every year. It also plans to provide sufficient raw materials to the ginning factories and the local cotton mills.

According to the latest report of Benin's Ministry of Agriculture, Livestock and Fisheries, 442,000 hectares of land have been sown, compared to the forecasted 400,000 hectares of land. This will result in increased cotton production in the 2014-2015 season.

In 2013-14 cotton season, Benin produced 307,000 tons of cotton, compared to harvest of 240,000 tons in the previous season, thus taking a step forward towards achieving the goal of increasing the country’s cotton production to 500,000 tons.

Cotton accounts for about 40 percent of Benin’s GDP and roughly 80 percent of its official export receipts. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search