Punjab has recorded higher paddy procurement this year compared to last year, food and supplies department officials said here on Monday.
The state has procured over 103 lakh tonnes of paddy till Monday compared to about 90 lakh tonnes procured in the same period last year.
Paddy procurement in the state started on October 1.
Punjab is eying to procure 137 tonnes of paddy this year as against 118 tonnes procured in 2014.
Chief Minister Parkash Singh Badal held a meeting of the concerned departments and procurement agencies on Sunday to review the procurement process.
The Punjab government has made payment of Rs.9,428 crore to the farmers for the procured paddy crop. Over 97.3 percent of the paddy has been procured by government agencies.
The Reserve Bank of India (RBI) had sanctioned Rs.18,972 crore for paddy procurement in Punjab this season.
Sangrur and Ludhiana districts have led the state in paddy procurement this year.
Neighbouring Haryana is expecting to procure over 35 lakh tonnes of paddy.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app