Centre sanctions Rs 26,707 crore to Punjab for Paddy procurement by admin- Thursday, October 10th, 2019 07:12:37 PM
The Centre has sanctioned Cash Credit Limit (CCL) amount of Rs 26,707.Five crore for procurement of paddy in the Kharif marketing season 2019-20 for the month of October.
Disclosing this here, an legitimate spokesperson stated the quantity has been launched through the RBI in the direction of credit restrict until end of October 2019, PTI pronounced.
With 29.20 Lakh hectares of vicinity beneath paddy cultivation, Punjab is targetting procurement of one hundred seventy Lakh Metric Tonnes within the ongoing season which started on first of this month, said the spokesperson.
As of today, a total of three,26,839 MTs of paddy has been procured with the aid of nation procurement corporations, with PUNGRAIN buying 1,27,575 MTs, observed by MARKFED (80025), PUNSUP (48387) and PSWC (38116). FCI has bought 5627 MTs.