Finance minister announces productivity enhancement scheme for cotton amid falling output and export declines

Due to a deficit of 26 lakh bales of cotton caused by climatic changes, the Union Finance Minister announced a productivity enhancement scheme. Farmers are receiving rates barely reaching the MSP, amidst a decline in cotton output. Additionally, tur rates have also slipped below the MSP, prompting measures for increased procurement.

Finance minister announces productivity enhancement scheme for cotton amid falling output and export declines
Due to a deficit of 26 lakh bales of cotton caused by climatic changes, the Union Finance Minister announced a productivity enhancement scheme. Farmers are receiving rates barely reaching the MSP, amidst a decline in cotton output. Additionally, tur rates have also slipped below the MSP, prompting measures for increased procurement.