‘Cotton Corp to procure 125 lakh bales’

The authorities, reeling less than extreme farmer protest,s significantly in Punjab and Haryana, has declared increased procurement targets for rice and cotton all through the latest kharif advertising time and mentioned that it has invested more than ₹1.ninety lakh crore in 2019-20 for procuring rice and wheat on MSP.

Announcing cotton procurement targets for the time, for the to start with time, Textile Secretary Ravi Capoor reported the point out-owned Cotton Company of India (CCI) would procure 125 lakh bales (1 bale is 170 kg) of cotton, which is 20 lakh bales extra than the a hundred and five lakh bales procured in the earlier time.

Capoor, who briefed the media alongside with Agriculture Secretary Sanjay Agarwal, Meals and Public Distribution Secretary Sudhanshu Panday and Meals Company of India (FCI) CMD, DV Prasad, confident the farmers that the CCI would be inclined to procure any amount of quality cotton that farmers provide.


Procurement assurance

In the same way, FCI chief Prasad reported rice procurement focus on for the latest kharif advertising time is set at 497 lakh tonnes (lt), which is 18 per cent extra than 420 lt procured in the earlier advertising time. Other than, there has been a sizeable raise in procurement of rice all through the 2019-20 rabi advertising time (RMS). As in contrast to sixty four lt in the corresponding time, rice procured all through the 2019-20 RMS was almost ninety lt.

In the latest time, 15,26,534 MT of paddy getting MSP price of about ₹2,882 cores has been procured from 1,27,832 farmers of Haryana, Punjab, Chandigarh, Uttar Pradesh, Kerala and Tamil Nadu as on Oct 6.

The authorities fielded the prime officials primarily to allay the fears expressed by the agitating farmers that the authorities may well do away with the MSP regime with the the latest passage of a few farm Bills.

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

Modi govt file

The FCI chief reported that the authorities invested ₹1,ninety,380 crore for procuring wheat and rice in 2019-20 as from ₹1,33,617 crore allocated in 2016-seventeen. Other than, the authorities payout for rice and wheat procurement in the latest economic year so considerably was ₹1,20,a hundred and fifty five crore, which is a whopping fifty three per cent extra than the corresponding period of time in the earlier fiscal.

According to Capoor, the CCI has earmarked a sum of ₹35,000 crore for procuring cotton this year, which is ₹6,five hundred crore extra than that in the earlier year.

Agriculture Secretary Agarwal reported the whole space less than kharif crop this is 1,095 lakh hectares (lh), ten lh extra than the earlier file of 1,085 lh. He reported the space less than oilseeds, pulses and rice has absent up by 18 lh, 7 lh and four lh, respectively, as in contrast to past kharif time.

He reported there has been sizeable raise in procurement targets set and achieved by the Modi authorities in contrast to the earlier UPA authorities. In paddy procurement by yourself, the authorities transferred ₹4.ninety five lakh crore to farmers all through the past five years, two.four occasions extra than the ₹2.06 lakh crore invested all through the five years of the UPA-two. In the same way, the Modi authorities invested ninety eight occasions and seventeen occasions extra resources on procurement of pulses and oilseeds, respectively, all through the exact period of time as comapared to the next UPA regime.