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Punjab govt slashes security deposit for rice millers

Punjab govt slashes security deposit for rice millers
Due to scarcity of area, if the miller just isn’t capable of ship rice, he wouldn’t need to pay any curiosity, the meals minister stated. (Express)

The Punjab authorities Wednesday slashed the security quantity to be deposited by the rice millers for milling of paddy. The millers can be required to deposit solely Rs 7.25 lakh as an alternative of earlier Rs 10 lakh. The complete quantity can be refundable. Earlier, solely Rs 5 lakh was refundable.

The determination was taken throughout a gathering of Food Minister Bharat Bhushan Ashu and Rural Development Minister Tripat Rajinder Singh Bajwa with the millers.

After the assembly, the ministers stated the transfer would deliver aid for the millers. A authorities assertion stated that the rice millers who apply earlier than October 10, can be allotted paddy on precedence and with out professional rata reduce, and the quantum of the discharge orders of these millers would even be elevated. The rice mills, which opened final 12 months and the 12 months earlier than, can be handled as previous mills.

Due to scarcity of area, if the miller just isn’t capable of ship rice, he wouldn’t need to pay any curiosity, stated Ashu.

He stated that just one specific group with vested pursuits is on strike and is making an attempt to misguide different millers, resulting from which out of whole round 4000 rice mills within the state, solely 1500 have been allotted work until date.

To allay the apprehensions of the millers relating to scarcity of area, he reiterated the dedication of the state to create area. He additionally knowledgeable that the Food Corporation of India (FCI) has deliberate a motion of seven lak metric tonne (LMT) rice each month, which shall result in ample creation of area within the close to future.

Centre approves Rs 26,707 credit score restrict for paddy buy

The Centre on Wednesday sanctioned the Cash Credit Limit (CCL) of Rs 26,707.50 crore for the procurement of paddy within the Kharif advertising and marketing season 2019-20 for the month of October.

An official spokesperson stated the quantity has been launched by the RBI in the direction of credit score restrict until finish of October 2019.

Punjab Chief Minister Amarinder Singh had been personally pursuing the problem of early launch of CCL with central authorities to make sure well timed cost to farmers towards their crop, a spokesperson stated.

Expressing satisfaction on the tempo of procurement, Amarinder directed the meals minister to make sure immediate lifting of the produce and launch of funds to farmers throughout the stipulated timeframe.

As of at this time, a complete of three,26,839 metric tonnes of paddy has been procured by state procurement companies, with PUNGRAIN buying 1,27,575 MTs, adopted by MARKFED (80025), PUNSUP (48387) and PSWC (38116). FCI has bought 5627 MTs.

Amarinder has reiterated his authorities’s dedication to facilitating easy and hassle-free procurement within the Mandis throughout the state. With 29.20 lakh hectares of space beneath paddy cultivation, Punjab is concentrating on procurement of 170 LMT within the ongoing season, which started on first of this month, stated the spokesperson.

Elaborate preparations had been made to offer trouble free procurement expertise to farmers bringing their produce to mandis. The Punjab Mandi Board has already notified 1734 Purchase Centers for seamless procurement of paddy, the spokesperson added.

During the earlier KMS 2018-19, a complete of 170.18 LMT paddy was procured, of which 169.10 LMT paddy was procured by authorities companies, whereas merchants/millers procured just one.08 LMT.  During KMS 2019-20, the state companies will procure 161.50 LMT paddy and FCI will procure 8.50 LMT paddy.

(With PTI)

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