Narendra Modi Govt Sanctions Rs 26,707 Crore to Punjab for Paddy Procurement of 161.50 Lakh MTs, Captain Amarinder Singh Welcomes Move
PM Narendra Modi, paddy crops and Punjab CM Captain Amarinder Singh. (Photo Credit: PTI)

New Delhi, October 9: The Narendra Modi government on Wednesday sanctioned a whopping Cash Credit Limit (CCL) amount of Rs 26,707.5 crore to Captain Amarinder Singh government in Punjab for procurement of paddy in the Kharif Marketing Season (KMS) 2019-20 for October. The amount has been released by the Reserve Bank of India, post-Centre's nod and sanctioned towards credit limit till the end of October 2019.

Demanding the release of CCL amount from Centre, Captain Singh had been personally pursuing it and was ensuring that the government pays timely payment to the ailing farmers against their crops. Following the sanctioning of the CCL, Captain Singh directed that state Food Minister to ensure the release of payments and prompt lifting of the produce within the stipulated timeframe. 65 Million Farmers Get USD 3.5 Billion Under PM Kisan Scheme.

According to a government estimate, till now Punjab state procurement agencies have procured a total of 3,26,839 metric tonnes (MTs) of paddy. Among this, PUNGRAIN purchased 1,27,575 MTs, MARKFED purchased 80025 MTS, PUNSUP-48387 MTs, PSWC-38116 MTs and FCI-5627 MTs.

Captain Singh's government is aiming to procure 170 Lakh MTs of paddy this season, which began on first of this month. This tear, 29.20 Lakh hectares of area was under paddy cultivation. The Punjab government had mentioned that elaborate arrangements had been made for farmers where hassle-free procurement experience is being targetted. Altogether, 1734 Purchase Centers have been notified by Punjab Mandi Board. PM Narendra Modi Launches Pradhan Mantri Kisan Maan Dhan Yojana for Farmers, Here Are All Key Features of The Scheme.

In the last KMS 2018-19, the Punjab government had procured 169.10 LMT paddy out of a total of 170.18 Lakh MT paddy was procured. Traders had procured only 1.08 Lakh MTs. However, this year, the state agencies are aiming to procure 161.50 Lakh MTs of paddy, while FCI would procure 8.50 Lakh MTs.