Indian government procures paddy worth Rs 1.06 lakh crore so far this kharif season, 25% above normal


Photo courtesy - Syngenta

The government has procured 25 per cent more paddy so far in this kharif marketing season at 564.17 lakh tonnes for Rs 1,06,516 crore amid farmers’ protest against three new farm laws. Kharif marketing season runs from October. “In the ongoing Kharif Marketing Season (KMS) 2020-21, government continues to procure Kharif 2020-21 crops at MSP from farmers as per existing MSP schemes,” an official statement said.

The Food Corporation of India (FCI) has procured 564.17 lakh tonnes of paddy till January 16, an increase of 25.25 per cent from 450.42 lakh tonnes in the corresponding period of the previous year.

“About 79.24 lakh farmers have already been benefitted from the ongoing KMS procurement operations with MSP value of Rs 1,06,516.31 crore,” the statement said.

Out of the total purchase of 564.17 lakh tonnes, Punjab has contributed 202.77 lakh tonnes. Thousands of farmers, mainly from Punjab, Haryana and Western Uttar Pradesh, are protesting at various Delhi borders, seeking repeal of three farm laws and a legal guarantee of the minimum support price (MSP).

The government is maintaining that the MSP procurement system will continue.

Further, based on a proposal from the states, approval was accorded for procurement of 51.66 lakh tonnes of Pulse and Oilseeds of Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh, Odisha, Rajasthan and Andhra Pradesh under Price Support Scheme (PSS), an official statement said.

Further, sanction for procurement of 1.23 lakh tonnes of Copra (dried coconuts) for the states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala was also given. The government has also sanctioned the procurement of 2.50 lakh tonnes of pulse and oilseeds of Rabi Marketing Season 2020-2021 for the states of Gujarat and Tamil Nadu.

Till 16 January, 2021, the official statement said, the government’s nodal agencies has procured 2.97 lakh tonnes of  Moong, Urad, Groundnut Pods and Soybean with a MSP value of  Rs.1613.88Crores benefitting 1.59 lakh farmers in Tamil Nadu, Maharashtra, Gujarat, Haryana and Rajasthan.

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