Matribhumi Samachar English
The Union Home Minister and Minister of Cooperation, Shri Amit Shah, has stated that under the leadership of Prime Minister Shri Narendra Modi, the government is boosting exports to ensure that farmers receive a fair price for their crops, allowing them to earn maximum value for their produce.
In a post on ‘X’ platform, Shri Amit Shah mentioned that keeping the welfare of farmers paramount, the Modi government has made three important decisions:
1. The Modi government has decided to remove the Minimum Export Price (MEP) on onions and reduce the export duty from 40% to 20%. This will increase onion exports, resulting in a rise in income for onion-producing farmers.
2. The government has also decided to remove the MEP on Basmati rice, enabling Basmati rice-producing farmers to export and earn higher profits.
3. Additionally, the Modi government has decided to increase the duty on the import of crude palm, soyabean, and sunflower oils from 12.5% to 32.5% and on their refined oils from 13.75% to 35.75%. This will ensure that Indian soybean farmers receive better prices for their crops, thus increasing their income.
