Tuesday, July 1, 2025
spot_img

Meghalaya Cabinet approves ‘CM Assure’ to support distressed farmers

Date:

Share post:

spot_imgspot_img

Shillong, Jan 10: In order to support farmers in distressing situations, the Meghalaya cabinet has approved a new initiative called CM Assure, which aims to stabilise market prices for non-perishable agricultural products. The programme includes a corpus fund of  Rs100 crore, with an initial allocation of Rs 20 crore from the central government.

Chief Minister Conrad Sangma, after the cabinet meeting which had 13 agendas for the day, said that the importance of this initiative in addressing the challenges faced by farmers due to market instability. “The market price for broomsticks and areca nuts has been highly unstable,” he said. “There is a very strong need for government intervention to support farmers during such distressing situations.”

Under CM Assure, the government, through marketing boards, will procure non-perishable items from farmers at fair prices and resell them to ensure market stability. The initiative is expected to reduce the financial burden on farmers, offering them a safety net during periods of low demand or fluctuating prices.

spot_imgspot_img

Related articles

Ardhendu Sekhar clinches title at 48th M’laya Chess Championship

Shillong, June 30: The 48th edition of the Meghalaya State FIDE Rating Chess Championship 2025 came to a...

Neeraj learning ‘concept of flow’, wants Sachin’s ‘superpower’ to handle challenges

New Delhi, June 30: Neeraj Chopra says he is “slowly understanding the concept of flow” after his celebrated...

Minor boxer alleges sexual harassment by woman coach; parents lodge FIR

New Delhi, June 30: A woman coach with the Sports Authority of India’s National Boxing Academy in Rohtak...

Real tournament will start from quarters: Sreejesh on Jr WC

Bengaluru, June 30: India coach PR Sreejesh says competing in the FIH Junior World Cup in a new...