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Tuesday, June 24, 2025 10:11 PM

Financial Assistance

State Government Sanctions ₹4,194 Crore Relief Package for Cotton and Soybean Farmers

The state government has sanctioned substantial financial assistance for cotton and soybean farmers adversely affected by price declines in the preceding year. To alleviate the repercussions of these losses, the government unveiled a financial relief package intended to aid cotton and soybean cultivators for the kharif marketing season 2023-24. This relief package encompasses a grant of ₹5,000 per hectare, with a ceiling of two hectares per farmer. The government has sanctioned a proposal to extend financial assistance in two strata: ₹1,000 per hectare for areas under 0.2 hectares and ₹5,000 per hectare for areas exceeding 0.2 hectares, up to a maximum of two hectares. As the GR was issued on July 29, the precise amount expended for Vidarbha farmers remains unascertained, according to officials. “Nevertheless, the process has commenced at district levels across both divisions in Vidarbha. We will have to initiate from the very beginning, which entails compiling a list of eligible farmers, among other tasks,” an official said. The government has allocated a total expenditure of ₹4,194.68 crore to effectuate this financial assistance scheme. Of this, ₹1,548.34 crore is apportioned for cotton farmers, while ₹2,646.34 crore is earmarked for soybean growers. The funding will be deployed during the additional budget presented on July 5, underpinning the special action plan formulated to augment the productivity and value chain of cotton, soybean, and other oilseed crops. Eligibility for this financial support is clearly delineated: Cotton and soybean farmers who cultivated their crops during the 2023 kharif season are entitled to get ₹1,000 per hectare for areas under 0.2 hectares and ₹5,000 per hectare for areas up to 2 hectares. The scheme is anticipated to buttress the growth of the agricultural sector, reinforcing the government’s dedication to addressing the exigencies of the farming community.

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Macquarie University Announces AUD $40,000 Scholarship for Indian and Sri Lankan Students

Macquarie University has introduced a prestigious scholarship worth AUD $40,000 aimed at recognizing exceptional students from India and Sri Lanka. The scholarship, valued at AUD 10,000 per year, will be awarded to outstanding candidates commencing their studies at Macquarie University from the academic year 2024-25 onwards. Interested students can apply for this scholarship via the official Macquarie University website at mq.edu.au. Eligibility Criteria: To qualify for this scholarship, applicants must meet the following criteria: Must be a full-time international student enrolling in an undergraduate or postgraduate degree program on campus. Must hold citizenship of India or Sri Lanka. Should possess a full offer of admission from Macquarie University. Must accept the offer letter and pay the commencement fee by the specified due date mentioned in the offer letter. Scholarship Details: The scholarship, amounting to AUD $10,000 per year, will be allocated towards tuition fees for coursework degree programs offered at Macquarie University’s Sydney campus. This scholarship will be distributed annually, providing significant financial assistance to deserving students throughout the duration of their studies. For instance, a student enrolled in a four-year undergraduate degree program stands to receive up to AUD $40,000 over the course of four years towards their total tuition fees. Application Process: Applications for this scholarship are open year-round, and candidates who submit their applications will automatically be considered for the scholarship. Successful applicants will be notified accordingly. Key Areas of Study: Macquarie University offers a diverse range of academic disciplines, including but not limited to: Banking & Finance (Fintech, Environmental Finance, Financial Management) Data Science Information Technology (IoT, AI, Information Systems, Networking, Cyber Security) Engineering (Electrical, Electronics, Mechanical, Mechatronics, Renewable Energy, Civil, Construction, Software) Business Analytics Management Medicine Arts, Media, and Communications Through this scholarship initiative, Macquarie University aims to support talented students from India and Sri Lanka in pursuing their academic aspirations and fostering excellence in higher education.  

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