Punjab raises the bar by procuring 1,86,85,532 MT of paddy which in turn benefits 9,24,299 farmers with the MSP value of 36623.64 crore
Govt procures 53,286,457 MT of paddy till Jan 9, 2022
Punjab raises the bar by procuring 1,86,85,532 MT of paddy which in turn benefits 9,24,299 farmers with the MSP value of 36623.64 crore
The paddy procurement has begun in Kharif Marketing Season (KMS) 2021-22 at MSP from farmers, as was decided in previous years. Near about 532.86 LMT of Paddy has been procured in KMS 2021-22 up to 09.01.2022 in the procuring States/UTs of Chandigarh, Gujarat, Assam, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Punjab, Uttar Pradesh, Uttarakhand, Telangana, Rajasthan, Kerala, Tamil Nadu, West Bengal, NEF (Tripura), Bihar, Odisha, Maharashtra, Chhattisgarh, Andhra Pradesh and Madhya Pradesh.
Among states, Punjab raises the bar by procuring 1,86,85,532 MT of paddy which in turn benefits 9,24,299 farmers with the MSP value of 36623.64 crore. Other leading states after Punjab are Chhattisgarh procuring 67,65,986 MTs, Telangana 65,54,739 MTs, Haryana 55,30,596 MTs followed by Uttar Pradesh which has procured 46,50,290 MTs of paddy so far.
The MSP serves as the floor prices and is therefore fixed by the government of India like a long-term guarantee for investment decisions of producers, with the assurance that prices of their commodities would not be allowed to fall below the level fixed by the government, even in the case of a bumper crop.
