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Scheme soon to help tobacco growers during crises

Union Minister of State for Commerce said on Friday that the Center has finalized the price stabilization fund to help tobacco growers during crises including the providing of crop insurance for various reasons. She was addressing to tobacco farmers after the inauguration of the e-auctioning system. With this demand, the introduction of electronic auctions has come to fruition. The Government of India would contribute 50% of the funds to the PSF, 25% to State Government and 25% to the tobacco growers. The inauguration of the e-auctioning platform would make things easy for the growers not only in terms but in realization of remunerative prices. Penalty was introduced for producers to grow tobacco than was prescribed excessive amounts spent on tobacco board to assist manufacturers, such as loans for education and marriage of children … Read entire article »

Filed under: Tobacco laws, Tobacco-general info