Government to provide Rs 2 billion subsidy for cotton output enhancement

MG News | February 16, 2021 at 04:27 PM GMT+05:00
Feb 16, 2021: In order to restore the declining output of cotton as well as encouraging the growers to bring maximum area under crop production, the government was working on a scheme of incentives for the provision of all major inputs on subsidized rates during the current Kharif Season.
"Under the subsidy scheme, the government would provide over Rs 2 billion subsidy to cotton growers across the crop sowing areas in the country for ensuring easy credit availability for purchasing inputs including certified seeds, fertilizers and pesticides during the coming season", Cotton Commissioner in the Ministry of National Food Security and Research Dr. Khalid Abdullah said.
Talking to APP here Tuesday, he said that aim of the initiative was the revival of a local cotton crop that was on a declining trend for the last many years, besides encouraging the growers to cultivate cotton that would significantly contribute to sustainable economic development of the country.
He further said that due to decreasing profit ratio, pest attacks, and climate changes, the local cotton crop was affected badly and output during last season touched the lowest level, which was negative for the local agriculture sector, particularly for the overall economic development of the country.
Under the scheme, he said the government would provide subsidy on certified high-yielding seeds verities, the purchase of fertilizers, and other pesticides in order to overcome the issues of pest attacks, which destroy cotton crops standing over thousands of hectares every year.
In order to eradicate the menace of pink ballworm, the government had also allowed the import of Pink Ballworm Rope that helped in reducing the pest attack during last year, he said adding that availability of other inputs would help in bringing the maximum area under crop sowing during the season.
Dr Abdullah said that in order to make the scheme more effective federal government had also initiated a consultation process with other stakeholders and provinces would be taken on board to make the process more smooth and accesses able for farmers, particularly for small-scale growers, he added.
Meanwhile, he said that the government was also working to ensure the provision of 100 percent certified seeds for growers during the current season, adding that screening of about 30,000 tons of seeds completed, besides providing training to farmers for better crop management.
APP
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 134,299.77 290.06M |
0.39% 517.42 |
ALLSHR | 84,018.16 764.12M |
0.48% 402.35 |
KSE30 | 40,814.29 132.59M |
0.33% 132.52 |
KMI30 | 192,589.16 116.24M |
0.49% 948.28 |
KMIALLSHR | 56,072.25 387.69M |
0.32% 180.74 |
BKTi | 36,971.75 19.46M |
-0.05% -16.94 |
OGTi | 28,240.28 6.19M |
0.21% 58.78 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,140.00 | 119,450.00 115,635.00 |
4270.00 3.75% |
BRENT CRUDE | 70.63 | 70.71 68.55 |
1.99 2.90% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.10 1.14% |
ROTTERDAM COAL MONTHLY | 108.75 | 108.75 108.75 |
0.40 0.37% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 68.75 | 68.77 66.50 |
2.18 3.27% |
SUGAR #11 WORLD | 16.56 | 16.60 16.20 |
0.30 1.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|