Indian Economy News

Over 72 Lakh farmers benefit from ongoing KMS Procurement: Agriculture Ministry

  • IBEF
  • January 15, 2021

According to the recent statement from the Ministry of Agriculture & Farmers Welfare, about 72.46 lakh farmers have benefitted from the ongoing Kharif Marketing Season (KMS) procurement operations with Minimum Support Price (MSP) value of Rs. 1,02,161.76 Crore (US$ 13.96 billion).

Paddy procurement for Kharif 2020-21 is continuing in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, Bihar, Jharkhand, Assam, Karnataka and West Bengal with purchase of over 541.11 LMTs of paddy up to January 11.

This is an increase of 26.07% against the last year corresponding purchase of 429.20 LMT.

Source: PIB

Out of the total purchase of 541.11 LMT, Punjab alone has contributed 202.77 LMT which is 37.47% of the total procurement.

Altogether 2,88,457.68 MT of Moong, Urad, Groundnut Pods and Soyabean having MSP value of Rs. 1,543.27 Crores (US$ 210.86 million) have been procured, benefitting 1,53,439 farmers in Tamil Nadu, Maharashtra, Gujarat, Haryana and Rajasthan, the ministry release added.

Also, 5,089 MT of Copra, having MSP value of Rs. 52.40 crore (US$ 7.16 million) has been procured, benefitting 3,961 farmers in Karnataka and Tamil Nadu.

Source: PIB

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.