Govt buys paddy worth Rs 1.10 trn at MSP so far this kharif season

Topics Centre | MSP | Kharif harvest

A farmer harvests wheat crop at a field in Chandlai village of Jaipur on Friday. PTI Photo

The government has procured 583.31 lakh tonnes of paddy worth Rs 1,10,130.52 crore so far this kharif marketing season at the minimum support price, amid protest by farmers at Delhi-borders seeking repeal of the three farm laws and a legal guarantee on the MSP.

Kharif marketing season starts from October.

"In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at MSP from farmers as per existing MSP schemes," the food ministry said in a statement on Monday.

The Centre has procured 583.31 lakh tonnes of paddy till January 25, up 20.53 per cent from 483.92 lakh tonnes in the year-ago period.

"About 84.06 lakh farmers have already been benefited from the ongoing KMS procurement Operations with MSP value of Rs 1,10,130.52 crore," the statement said.

Out of the total purchase of 583.31 lakh tonnes, Punjab has contributed 202.77 lakh tonnes.

(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

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel