Punjab approves paddy supply agreements

Chandigarh, September 17 (IANS): While the state is expected to produce 191 lakh tonnes of paddy, the Punjab Cabinet, chaired by Chief Minister Amarinder Singh, on Friday approved the Punjab’s tailor-made milling policy for Kharif 2021-22 for the conversion of paddy purchased by government procurement agencies for customized products. milled rice and its delivery to the central pool.

A spokesperson for the chief minister’s office said the marketing season will start from Oct.1 and operations will be completed by Dec.15.

During the season, the paddy thus purchased would be stored in eligible rice mills located in the State.

The policy provides for the timely connection of rice mills to purchasing centers in accordance with the procurement center allocation list published by the Department of Food, Civilian Supplies and Consumer Affairs. The paddy would be stored in the rice mills in accordance with their law, and the agreement executed between the state agencies and the rice mills.

The Cabinet also approved the arrangements for the purchase of 191 lakh tonnes of paddy taking into account the actual paddy production in the state over the past year.

As a result, arrangements are being made for a cash credit limit (CCL) of Rs 42,012.13 crore, as required to secure 95% of the shares allocated to state procurement agencies.

The Center has set the minimum support price (MSP) for the common variety of paddy at Rs 1,940 per quintal and for paddy of variety “A” at Rs 1,960 per quintal.

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