tgnns logo

10355 crores Financial Boost for Farmers in Telangana via Paddy Procurement

10355 crores Financial Boost for Farmers in Telangana via Paddy Procurement

The state government has revealed that a total of 7,178 paddy procurement centers were established across the state for the Yasangi season. Through 6,345 of these centers, 4.707 million metric tons of paddy have been purchased. This swift action ensures that farmers receive prompt payment, with funds being deposited within three days of the paddy sale.

Timely Payments to Farmers

The government announced that ₹10,355.18 crores have been deposited into the bank accounts of 835,109 farmers who sold their paddy. This efficient payment process ensures that the money is transferred to farmers’ accounts within three days of their sale, providing them with timely financial support.

Leading Districts in Paddy Procurement

Several districts have emerged as leaders in this procurement drive, including Jagitial, Kamareddy, Karimnagar, Medak, Nalgonda, Nizamabad, Peddapalli, Siddipet, Sircilla, Suryapet, Yadadri Bhuvanagiri, Sangareddy, Nirmal, Mancherial, and Janagama.

Early Start to Procurement Centers

Unlike previous years where procurement centers would start operations in April, this year they began two weeks earlier on March 25. By June 7, a remarkable 4.707 million metric tons of paddy had already been procured. The state’s civil supplies department has noted that while the procurement process has concluded in many areas, they expect paddy to continue arriving at the centers for the next ten days.

Continued Support for Farmers

To avoid inconvenience for farmers who planted their crops late, the government has issued instructions to keep procurement centers open in necessary locations until the end of the month. This ensures that all farmers have the opportunity to sell their produce without facing delays or obstacles.

Market Dynamics and Government Estimates

Initially, the civil supplies department estimated that approximately 7.54 million metric tons of paddy would be procured during the Yasangi season. However, this target was not fully met due to higher market prices and competitive purchasing by private traders, which offered farmers better rates than the government’s support price.

Conclusion

The proactive measures taken by the state government in setting up procurement centers early and ensuring prompt payments to farmers have significantly benefited the agricultural community. By depositing ₹10,355 crores directly into farmers’ accounts, the government has provided crucial financial support, fostering a more stable and prosperous farming environment.

Related Articles

Ladli Behna Awas Yojana 2023 సైబర్ నేరాలపై పోలీసుల వినూత్న ప్రచారం Telangana Police Ram Gopal Varma’s 9 Critical Questions for Pawan Kalyan Reliance Foundation Scholarships 2023 Chandrababu Naidu’s Arrest: A Storm in Andhra Pradesh