Despite deficit rainfall, food grain states Punjab and Haryana have got another bumper paddy crop this year. Both have recorded procurement of over 182 lakh tonnes, much more than last year.
Punjab has recorded higher procurement of 130 lakh tonnes compared to last year's 118 lakh tonnes, food and supplies department officials said here on Friday.
Farmers in the state have been released payment of over Rs 14,463 crore so far, a department spokesman said.
Paddy procurement in Punjab started on October 1. It hopes to procure 137 tonnes of padd, up from 118 tonnes in 2014.
Over 95 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.
Neighbouring Haryana has seen arrival of over 52 lakh tonnes of paddy against the target of 37 lakh tonnes set for this season.
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
