July 22, 2024


The business lovers

‘Cotton Corp to procure 125 lakh bales’

The authorities, reeling less than intensive farmer protest,s notably in Punjab and Haryana, has introduced enhanced procurement targets for rice and cotton for the duration of the current kharif advertising and marketing time and stated that it has invested about ₹1.ninety lakh crore in 2019-20 for procuring rice and wheat on MSP.

Asserting cotton procurement targets for the time, for the initial time, Textile Secretary Ravi Capoor mentioned the state-owned Cotton Corporation of India (CCI) would procure one hundred twenty five lakh bales (one bale is a hundred and seventy kg) of cotton, which is 20 lakh bales more than the a hundred and five lakh bales procured in the previous time.

Capoor, who briefed the media along with Agriculture Secretary Sanjay Agarwal, Foodstuff and General public Distribution Secretary Sudhanshu Panday and Foodstuff Corporation of India (FCI) CMD, DV Prasad, confident the farmers that the CCI would be inclined to procure any quantity of top quality cotton that farmers convey.

Procurement assurance

Likewise, FCI main Prasad mentioned rice procurement target for the current kharif advertising and marketing time is established at 497 lakh tonnes (lt), which is eighteen per cent more than 420 lt procured in the previous advertising and marketing time. Other than, there has been a considerable increase in procurement of rice for the duration of the 2019-20 rabi advertising and marketing time (RMS). As compared to sixty four lt in the corresponding time, rice procured for the duration of the 2019-20 RMS was just about ninety lt.

In the current time, 15,26,534 MT of paddy owning MSP price of all-around ₹2,882 cores has been procured from one,27,832 farmers of Haryana, Punjab, Chandigarh, Uttar Pradesh, Kerala and Tamil Nadu as on Oct six.

The authorities fielded the top rated officers mainly to allay the concerns expressed by the agitating farmers that the authorities may well do absent with the MSP regime with the current passage of three farm Bills.

Reassuring the farmers, the officers mentioned the Narendra Modi government’s file on procurement has been exemplary.

Modi govt file

The FCI main mentioned that the authorities invested ₹1,ninety,380 crore for procuring wheat and rice in 2019-20 as from ₹1,33,617 crore allotted in 2016-seventeen. Other than, the authorities payout for rice and wheat procurement in the current money calendar year so much was ₹1,20,one hundred fifty five crore, which is a whopping 53 per cent more than the corresponding interval in the previous fiscal.

In accordance to Capoor, the CCI has earmarked a sum of ₹35,000 crore for procuring cotton this calendar year, which is ₹6,five hundred crore more than that in the previous calendar year.

Agriculture Secretary Agarwal mentioned the full location less than kharif crop this is one,095 lakh hectares (lh), ten lh more than the previous file of one,085 lh. He mentioned the location less than oilseeds, pulses and rice has gone up by eighteen lh, seven lh and four lh, respectively, as compared to last kharif time.

He mentioned there has been considerable increase in procurement targets established and reached by the Modi authorities compared to the previous UPA authorities. In paddy procurement on your own, the authorities transferred ₹4.95 lakh crore to farmers for the duration of the last 5 years, 2.four times more than the ₹2.06 lakh crore invested for the duration of the 5 years of the UPA-2. Likewise, the Modi authorities invested 98 times and seventeen times more cash on procurement of pulses and oilseeds, respectively, for the duration of the very same interval as comapared to the second UPA regime.