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Government Approves One-Time Interest-Free Loan of Rs.50,000 per Barn for FCV Tobacco Growers in Andhra Pradesh
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....overnment Approves One-Time Interest-Free Loan of Rs.50,000 per Barn for FCV Tobacco Growers in Andhra Pradesh<BR>News and Press Release<BR>Dated:- 25-9-2026<BR><BR>The Government of India has approved a one-time, interest-free loan of Rs.50,000 per barn for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme, providing timely financial support to grower....
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....s amid evolving global market conditions. Auctions for the 2025-26 crop season in Andhra Pradesh commenced on 25 March 2026, with approximately 100 million kg of Flue-Cured Virginia (FCV) tobacco auctioned so far. FCV tobacco is predominantly cultivated in Andhra Pradesh and Karnataka. The global tobacco market has witnessed changing demand patterns, geopolitical developments and evolving in....
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....ternational trade dynamics, influencing procurement and marketing conditions. The Government is also undertaking coordinated measures to facilitate procurement, enhance market participation and promote exports. Continuous engagement with exporters, buyers, growers and other stakeholders is being undertaken to facilitate smooth marketing of the crop and strengthen the FCV tobacco sector. As part....
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.... of the proposed one-time intervention, interest-free working capital assistance of Rs.50,000 per barn has been approved for FCV tobacco growers. The proposal covers approximately 44,000 growers with a financial intervention of about Rs.220 crore. The assistance is proposed to be provided directly to farmers through DBT. The proposed assistance is intended to provide immediate liquidity to grow....
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....ers, enable them to meet household requirements and repay institutional loans, purchase inputs for the ensuing crop season and reduce dependence on private borrowing. The initiative reaffirms the Government's commitment to the welfare of FCV tobacco growers by providing timely financial assistance and supporting their working capital needs. =============<BR> News - Press release - PIB....