Home / Knowledge / News / Textiles / Direct Benefit Transfer scheme for cotton farmers
Direct Benefit Transfer scheme for cotton farmers
09
Dec '15
Courtesy: PIB
Courtesy: PIB
The Central Government is planning to introduce Direct Benefit Transfer scheme the cotton farmers in the face of falling global cotton consumption and the demand for higher Minimum Support Price for cotton emanating from some states.

Inaugurating the 74th Plenary of the International Cotton Advisory Committee in Mumbai, Union Textiles Minister Santosh Kumar Gangwar said the Centre has kept the cotton growers interest in mind and increased the MSP for long staple cotton to Rs 4,100 for the 2015-16 marketing season, a Textiles Ministry statement said.

A pilot project under the Direct Payment Deficiency System (DPDS) for paying MSP guarantee for the cotton farmers has been initiated at Hinganghat taluka of Maharashtra. Under this system, the farmers will directly get the amount which is the difference between the MSP and the market price, should the market price fall below the MSP. For availing of the benefit, farmers would have to present proof of cotton sold at Agriculture Produce Market Committee yards, plus other papers such as ownership document, yield estimation and other details. If the pilot is successful, the DPDS would be rolled out in all cotton growing regions. Textiles Secretary S K Panda said the new move would benefit the farmers substantially.

The cotton procurement through the traditional route of Cotton Corporation of India (CCI) or state federations has been subdued this season and is expected to be lower than last year due to firm prices, which are ruling above MSP. In the 2014-15 marketing season that ended in October 2015, CCI had procured a record 8.6 million bales of cotton across the country.

However, the International Cotton Advisory Committee has revised downward world cotton consumption, following a drastic slowdown in China, which is the largest consumer of cotton. Cotton Consumption in China is expected to be 7.33 million tonnes against 7.52 million tonnes last year. The cotton consumption in India is expected to go up by a modest 3 per cent from 5.4 million tonnes last year to 5.49 million tonnes this year.

The Textiles Ministry has estimated cotton output in India to decline this year to 36.5 million bales, as compared to 38 million bales last year. This is due to a fall in acreage to 11.76 million hectares, from 13.08 million hectares last year. The yield however is actually estimated to rise significantly this year, to 527.49 kg per ha from 493.77 kg last year, on sowing of higher yielding seed. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search