The Centre has procured 532.86 lakh tonnes of paddy so far in the continuing 2021-22 advertising 12 months season, with most portions being bought from Punjab, the Union meals ministry stated on Monday.
“Till now, about 64.07 lakh farmers have been benefited with an MSP (minimal help worth) worth of Rs 1,04,441.45 crore,” the ministry stated in a press release.
Out of the whole procurement undertaken so far, most of 186.85 lakh tonnes of paddy has been procured from Punjab, adopted by 67.65 lakh tonnes from Chhattisgarh, 65.54 lakh tonnes from Telangana, 55.30 lakh tonnes from Haryana and 46.50 lakh tonnes from Uttar Pradesh until January 9 of the continuing advertising season.
The paddy advertising season usually begins from October and runs via September.
During the advertising season 2020-21, the federal government had procured 895.83 lakh tonnes of paddy at an MSP (minimal help worth) worth of Rs 1,69,133.26 crore.
The authorities undertakes procurement operations via state-run Food Corporation of India (FCI) in addition to state companies.
The authorities buys largely paddy and wheat to guard farmers with MSP, and use the procured grains for distribution via ration outlets for the poor beneficiaries registered below the National Food Security Act at extremely subsidised charges.
(This story has not been edited by Business Standard employees and is auto-generated from a syndicated feed.)