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Home Punjab Rs 30,220 cr cash credit limit sanctioned for paddy purchase in Punjab

Rs 30,220 cr cash credit limit sanctioned for paddy purchase in Punjab

Chandigarh, October 7 

The Punjab authorities on Wednesday mentioned the Reserve Financial institution of India has sanctioned a money credit score restrict (CCL) quantity of Rs 30,220.82 crore for procurement of paddy within the kharif advertising season 2020-21, for October.

Punjab Chief Minister Capt Amarinder Singh directed all procurement businesses to pay pending funds of farmers in opposition to already procured grain inside 24 hours.

An official spokesperson mentioned the whole anticipated quantity of CCL required for your complete paddy procurement season is Rs 35,552 crore, of which Rs 30,220.82 crore has been launched. The stability quantity can be launched as per the usual apply of revising the quantity on the finish of this month whereas sanctioning the CCL for November, the spokesperson added.

Expressing satisfaction on the tempo of procurement, Singh has requested the meals and civil provides ministry to make sure immediate lifting of the produce and launch of fee to farmers throughout the stipulated timeframe of 72 hours for the procurement to be undertaken now.

The CM additionally expressed satisfaction with the 15.6 lakh tonnes of paddy procured by numerous businesses until date.

With 27.36 lakh hectares of space below paddy cultivation, Punjab is focusing on a procurement of 171 lakh tonnes within the ongoing season which started on September 27, mentioned the spokesperson.

The Punjab Mandi Board has already notified almost 4,000 buy centres for seamless procurement of paddy. — PTI

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