Punjab govt to offer 33% subsidy on Bt cotton seeds to boost crop shift

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Punjab govt to offer 33% subsidy on Bt cotton seeds to boost crop shift - Business Standard

Quick Summary:

Agriculture Minister Gurmeet Singh Khuddian said a sum of Rs 20 crore has been allocated for the subsidy programme and this move would reduce financial burden on cotton growers, while simultaneously discouraging the cultivation of non-recommended hybrids to enable them to adopt high-yielding and pest-resistant BT cotton hybrid seeds.

The Punjab government on Saturday said it has decided to provide a 33 per cent subsidy on BT cotton hybrid seeds, as part of its move to promote crop diversification in the state.

Cotton, a crucial kharif crop in the south-western districts of the state, presents a viable alternative to the water-guzzling paddy crop, contributing to both agricultural diversification and economic growth.