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

Rs 1,000 cr paid to 41,084 farmers for procurement of paddy on MSP: Centre

The central government on Sunday said that over Rs 1,000 crore has been paid to 41,084 farmers for procurement of paddy on Minimum Support Price

farmers | Paddy | minimum support price

ANI  |  General News 

Representative image
Representative image

The central government on Sunday said that over Rs 1,000 crore has been paid to 41,084 for procurement of on (MSP).

The procurement for 2020-21 has commenced across the procuring states, the Ministry of Consumer Affairs, Food and Public Distribution said in a release.

"As on October 3, 2020, cumulative procurement of in Kharif Marketing Season (KMS) 2020-21 is 5,73,339 MT. The total number of benefited are 41,084 and total MSP outflow so far, is approximately Rs 1,082.464 crore," it said.

The Procurement of seed cotton (Kapas) during Kharif Marketing Season 2020-21 has started from October 1, 2020.

"As on October 3, 2020, Cotton Corporation of India has procured a cumulative quantity of 147 bales under MSP for a value of Rs.40.80 Lakh benefitting 29 farmers," it said.

(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: Mon, October 05 2020. 08:06 IST