You are here: Home » Economy & Policy » News
Business Standard

Govt procures 52.15 mn tonnes of paddy so far at MSP, costing Rs 98,457 cr

The Centre has procured 52 mn tonnes of paddy so far during this kharif marketing season from nearly 6.8 mn farmers at MSP costing Rs 98,457 crore

Topics
minimum support price | kharif MSP | Paddy procurement

Press Trust of India  |  New Delhi 

farmer, agriculture, paddy

The Centre has procured 521.48 lakh tonnes of paddy so far during this kharif marketing season from nearly 68 lakh farmers at MSP costing Rs 98,457 crore, amid the ongoing protest by farmers at various Delhi borders seeking repeal of three new farm laws and legal guarantee of MSP.

"In the ongoing kharif marketing season (KMS) 2020-21, the government continues to procure kharif 2020-21 crops at MSP from farmers as per existing MSP schemes," according to an official statement.

has reached 521.48 lakh tonnes till January 6, up 27.13 per cent from the year-ago period. The kharif marketing season starts from October.

"About 67.89 lakh farmers have already been benefited from the ongoing KMS procurement operations with an MSP value of Rs 98,456.80 crore," the statement said.

Out of the total purchase of 521.48 lakh tonnes, Punjab has contributed 202.77 lakh tonnes.

"Till January 6, a quantity of 80,26,401 cotton bales valuing Rs 23,485.05 crore has been procured benefitting 15,59,429 farmers," it said.

Braving severe cold and sporadic rains, thousands of farmers from Punjab, Haryana and some other parts of the country have been camping at several Delhi border points for over 40 days.

The seventh round of talks between protesting unions and three central ministers ended inconclusively on Monday as farmer groups stuck to their demand for the repeal of three laws. However, the government listed out various benefits of the new Acts for the growth of the country's agriculture sector.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 07 2021. 19:32 IST
RECOMMENDED FOR YOU
.