Punjab has procured over 118.18 lakh tonne of paddy while in Haryana over 55 lakh tonne has been procured.
Government agencies have procured 98.1 per cent of the paddy arriving in grain markets in Punjab. In Haryana, government agencies have procured nearly 95 per cent of the paddy arrivals. The rest of the paddy has been procured by rice millers and traders.
The procurement of paddy began in both states on October 1. The Reserve Bank of India has sanctioned an amount of nearly Rs 28,263 crore to Punjab to make payments to farmers for the paddy procured. The paddy arrival and procurement will continue till the end of November.
Both states are expecting a bumper crop this year.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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