The Ministry of Commerce & Industry (MoC&I) on February 26, 2024, approved an interest-free Loan to Flue Cured Virginia (FCV) Tobacco growers in Andhra Pradesh.
The following has been stated:
• It has approved a Rs. 10,000/- interest-free loan from the Grower Welfare Fund of Tobacco Board to the grower members of the fund, whose crops were damaged due to MICHAUNG Cyclonic rains in Andhra Pradesh. This is a one-time interest-free loan for Andhra Pradesh Crop Season 2023-24 only. This interest-free loan amount will be recovered from the respective tobacco growers auction sale proceeds of the 2023-24 Andhra Pradesh crop season.
• It has been decided to permit the sale of FCV Tobacco on the Tobacco Boards auction platform after waiving off the penalty on the sale of excess production of registered growers and unauthorized production of unregistered growers for Karnataka Crop Season 2023-24 only.
[Press Release ID: 2009044]
