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Procurement

Rs 1,000 cr paid to 41,084 farmers for procurement of paddy on MSP: Centre



The central government on Sunday said that over Rs 1,000 crore has been paid to 41,084 for procurement of on (MSP).


The procurement for 2020-21 has commenced across the procuring states, the Ministry of Consumer Affairs, Food and Public Distribution said in a release.



“As on October 3, 2020, cumulative procurement of in Kharif Marketing Season (KMS) 2020-21 is 5,73,339 MT. The total number of benefited are 41,084 and total MSP outflow so far, is approximately Rs 1,082.464 crore,” it said.


The Procurement of seed cotton (Kapas) during Kharif Marketing Season 2020-21 has started from October 1, 2020.


“As on October 3, 2020, Cotton Corporation of India has procured a cumulative quantity of 147 bales under MSP for a value of Rs.40.80 Lakh benefitting 29 farmers,” it said.

(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.)

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