‘Steps under way to clear paddy procurement dues of ₹1,619 crore’
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State releases ₹500 crore as speedy support; Centre to disburse ₹1,200 crore on June 21
The State authorities has up to now paid ₹1,637 crore to the farmers in direction of procurement of paddy, in accordance to Civil Supplies Commissioner Kona Sasidhar.
Addressing the media on Friday, Mr. Sasidhar mentioned that the federal government would nonetheless have to clear ₹1,619 crore dues to the farmers whose paddy had been procured greater than 21 days in the past.
The quantity can be credited immediately into the financial institution accounts of the farmers under the pre-audit system, he mentioned, and added that the cost can be made as quickly because the Central authorities releases the funds.
“The Centre has to release ₹3,299 crore towards paddy procurement. It has informed that it will release ₹1,200 crore for the first quarter of the current financial year on June 21,” he mentioned.
Chief Minister Y.S. Jagan Mohan Reddy had launched ₹500 crore to make the funds instantly in order not to make the farmers wait until the Centre launched the quantity, Mr. Sasidhar mentioned, and added that ₹300 crore of it had been paid up to now.
“Steps are being taken to pay ₹200 crore per day from Saturday to clear the remaining arrears,” he mentioned.
The Commissioner mentioned that the federal government had procured 73,000 tonnes of paddy price ₹6,331 crore throughout rabi final. This 12 months, the goal is to procure 45,000 tonnes price ₹8,000 crore.
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