Published on October 9, 2020
Government has started procurement of Kharif Crops at Minimum Support Price (MSP) in full swing.
So far, approval has been accorded for procurement of over 20 lakh 37 thousand metric tonne of paddy benefitting nearly 1 lakh 70 thousand farmers across the country.
The procurement this year has been reported to be 33 per cent higher than the corresponding time span last year.
Government has disbursed around 3 thousand 850 crore rupees to the farmers in lieu of the procurements.
Based on the proposal from the States, approval has also been accorded for procurement of 30 lakh 70 thousand metric tonnes of Pulses and Oilseeds for Kharif Marketing Season 2020 from the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh and Andhra Pradesh.
Government through its Nodal Agencies has also procured over 376 metric tonne of Moong having MSP value of 2 crore 71 lakh rupees benefitting farmers in Tamil Nadu and Haryana.
Approval for procurement of Kharif Crops is also being accorded to various other States and Union Territories on receipt of their proposal for agricultural produces as per the Price Support Scheme.