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Rs 29,695-cr CCL sanctioned for Punjab paddy procurement
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SME Times News Bureau | 10 Oct, 2018
The Centre on Tuesday sanctioneda Cash Credit Limit (CCL) of Rs
29,695.40 crore for the procurement of paddy in the kharif marketing
season 2018-19, official sources said.
Punjab had raised a demand of Rs 40,300 crore for this season.
"The
amount has been released by the Reserve Bank of India for paddy
procurement till October (end). The remaining Rs 10,604.60 will be
released subsequently," a state government spokesperson said here.
Chief
Minister Amarinder Singh had been pursuing the issue of early release
of CCL so as to ensure timely payment to farmers for crop procured by
government agencies.
The Chief Minister has directed all state
procurement agencies to take immediate steps to ensure prompt lifting of
the produce followed by timely release of payments.
The Punjab government has made arrangements for a bumper procurement of 200 lakh tonnes of paddy this season.
In 2017-18, as much as 179.34 lakh tonnes of paddy was procured, including 176.61 lakh tonnes by government agencies.
The
Punjab Vigilance Bureau is keeping a close watch and conducting
surprise checks at grain markets across the state to ensure farmers did
not face any difficulty in selling their crop.
Bureau Chief
Director B.K. Uppal said that instructions have been issued to all
concerned police officers to monitor the procurement operations in grain
markets.
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