Govt's Rabi season oilseed, wheat procurement in full flow
The government's procurement of oilseeds and wheat for the Rabi season 2020-21 is in full flow. It has procured over 2.61 lakh MT of pulses and 3.17 MT of oilseeds under the Rabi 2020-21 season till 2 May 2020 according to a government release. The government has procured it at the MSP value of Rs 2682 cr benefiting more than 325565 farmers
The government's procurement of oilseeds and wheat for the Rabi season 2020-21 is in full flow. It has procured over 2.61 lakh MT of pulses and 3.17 MT of oilseeds under the Rabi 2020-21 season till 2 May 2020 according to a government release. The government has procured it at the MSP value of Rs 2682 cr benefiting more than 325565 farmers, the release further said.
The agriculture ministry under the Narendra Modi government has been taking various steps to facilitate farmers and farming activities at field level during the lockdown period in the wake of Covid 19 pandemic. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period. Over 9 cr farmer families have been benefited and an amount of Rs 18,134 cr has been released so far.
Out of this, a quantity of 14859 MT of pulses and 6706 MT of oilseeds was procured on 1-2 May 2020 in six states viz Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, Uttar Pradesh and Haryana.
The government has also purchased over 1.81 cr MT of wheat out of 1.87 cr that arrived in FCI (Food Corporation of India) in the Rabi Marketing Season 2020-21, the release further said.
There has been a "significant" rise in the Sowing Area Coverage of summer crops, the government release said.
For rice the sowing area coverage was about 34.80 lakh ha under summer rice as compared to 25.26 lakh ha during the corresponding period of last year. For pulses the sowing area coverage was about 8.77 lakh ha as compared to 5.44 lakh ha during the corresponding period of last year.
See Zee Business Live TV Streaming Below:
For course cereals the sowing area coverage was about 9.12 lakh ha as compared to 5.49 lakh ha during the corresponding period of last year. And for oilseeds, the sowing area coverage was about 8.87 lakh ha as compared to 7 lakh ha during the corresponding period of last year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:55 PM IST