C’garh, Haryana and Telangana get Rs 19,944 cr for paddy purchase

| | New delhi
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C’garh, Haryana and Telangana get Rs 19,944 cr for paddy purchase

Monday, 28 September 2020 | PNS | New delhi

A day after the Centre announced commencement of paddy procurement at the minimum support price (MSP) with immediate effect in Punjab and Haryana in the wake of early arrival of the kharif crop in these two States, the National Cooperative Development Corporation (NCDC), an apex financing organisation under the Union Agriculture Ministry, sanctioned Rs 19,944 crore as the first instalment to Chhattisgarh, Haryana and Telangana for a smooth purchase process.

Chhattisgarh got the highest amount at Rs 9,000 crores while for Haryana, the sanctioned amount is Rs 5,444 crores and Telangana Rs 5,500 crores. These States account for nearly 75 percent of paddy production in the country. However, Punjab is yet to get any sanctioned amount.

The Centre has fixed MSP for 'common variety' paddy at Rs 1,868 per quintal and for 'A' grade variety at Rs 1,888 per quintal for the current year. On Saturday, the Centre had announced purchase of the crops at MSP to placate the farmers across the country who were up in arms against the recently passed Farms Bill.which has got the President sanction on Sunday.

The NCDC loan is supposed to assist the States or the State Marketing Federations in undertaking paddy procurement operations in a timely manner through their respective cooperative organizations.

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