InvestorQ : Is it true that the government is heavily procuring wheat from farmers in Punjab?
indhumathi Sayani made post

Is it true that the government is heavily procuring wheat from farmers in Punjab?

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1 month ago
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It is reported that nearly 125 lakh metric tonnes of wheat crop has been procured from the state of Punjab so far in the ongoing rabi season. The farmers of Punjab have already been paid a sum of Rs.21,472 crore for the same. The Chief Minister of Punjab expressed his happiness in a tweet. This would means that almost the entire arrival has bene picked up by the government, addressing the most important concern of the Punjab farmers.

To enable smooth functioning of procurement in the Rabi season, the RBI had extended the cash credit limit for Punjab for the wheat procurement season till the end of May. An additional pay-out of Rs.2,953 crore took the overall limit to Rs.24,612 crore for the current season.

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