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Centre Procures 713 LMT Paddy With MSP Value Of Rs 1,46,960 Cr Till March 01
Over one crore farmers have benefitted from the paddy procurement for KMS 2022-23 (Kharif crop), says the Ministry of Consumer Affairs, Food and Public Distribution
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Around 713 LMT of paddy up to 1 March was procured and the MSP outflow of Rs 1,46,960 crore has been transferred directly into farmers’ account, said the Ministry of Consumer Affairs, Food and Public Distribution on Friday.
The ministry in a statement said that all arrangements are in place for hassle-free procurement operations.
Rice delivery against the procured paddy is also in progress and against the paddy procurement of 713 LMT, around 246 LMT rice has been received in the central pool till 1 March.
"Adequate rice stock is currently available in the central pool for meeting the requirements of the country," according to the ministry.
It added that for the Kharif crop of current KMS 2022-23, a quantity of about 766 LMT Paddy (514 LMT in terms of rice) has been estimated to be procured.
For the Rabi crop of current KMS 2022-23, a quantity of about 158 LMT Paddy (106 LMT in terms of rice) has been estimated to be procured.
"With the inclusion of the Rabi crop, it is expected that around 900 LMT paddy may be procured during the entire KMS 2022-23," the ministry said