Wheat procurement: Punjab releases Rs 2,613 crore to farmers | punjab$dont-miss | Hindustan Times
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Wheat procurement: Punjab releases Rs 2,613 crore to farmers

Easing the anxiety of Punjab farmers, the state government on Friday released Rs 2,613 crore as payment for the procured wheat during the current season.

punjab Updated: Apr 25, 2016 20:14 IST
HT Correspondent
The minister assured the farmers that with the receipt of the cash credit limit from the RBI, farmers would be the paid for their crop within 48 hours.
The minister assured the farmers that with the receipt of the cash credit limit from the RBI, farmers would be the paid for their crop within 48 hours.(HT Representative Picture)

Easing the anxiety of Punjab farmers, the state government on Friday released Rs 2,613 crore as payment for the procured wheat during the current season.

“All transactions have been electronically documented and payments disbursed,” food supplies minister Adaish Partap Singh Kairon said in a statement in Chandigarh. The minister said that from now on, the transactions would be done regularly and the pending payments would be cleared in two days.

He said he had reviewed the ongoing procurement operations in the state as 67 lakh metric tonnes (MT) of wheat had been procured till date. Of this, 66 lakh MT had been procured by the state agencies, while 1 lakh MT had been picked up by private traders.

The minister reiterated his commitment to swift wheat procurement, saying every single grain would be lifted in the ongoing operations across the state, adding that he had asked the state agencies to take the call wherever there were reports of a tardy movement of grains.

The minister assured the farmers that with the receipt of the cash credit limit from the RBI, farmers would be the paid for their crop within 48 hours.

Of the total wheat procured so far, Pungrain procured 20%, Markfed 21%, Punsup 19%, Punjab State Warehousing Corporation 15% and FCI procured 15%.