Moneycontrol PRO
HomeNewsBusinessEconomyOdisha aims at record paddy procurement to widen rural economy

Odisha aims at record paddy procurement to widen rural economy

Reviewing the arrangements of the procurement in all the 10 districts of Cuttack, Jajpur, Kendrapara, Balasore, Jagatsinghpur, Mayurbhunj, Bhadrak, Khurda, Puri and Nayagarh, the State food and civil supplies minister Sanjay Dasburma said the state government has decided to procure paddy worth Rs 7,500 crore from farmers this year.

November 09, 2016 / 07:53 IST

Expecting the bumper paddy crop this kharif season, the Odisha government has decided to procure a record quantity of paddy from farmers this year in order to widen the rural economy.

Reviewing the arrangements of the procurement in all the 10 districts of Cuttack, Jajpur, Kendrapara, Balasore, Jagatsinghpur, Mayurbhunj, Bhadrak, Khurda, Puri and Nayagarh, the State food and civil supplies minister Sanjay Dasburma said the state government has decided to procure paddy worth Rs 7,500 crore from farmers this year.

About 25 percent of this quantity of paddy would be procured from a little over three lakh registered farmers of these ten districts located in the central division, the minister said adding that the farmers will get their sale proceeds through online accounts.

Like previous years, the entire procedures of paddy procurement this year will also be done through the primary agricultural cooperative societies (PACS), he said.

Food Supplies and Consumer Welfare Secretary P K Mohapatra informed that the state government has decided to procure paddy at the rate of 18 quintals per acre from irrigated land and 12 quintals per acre from non-irrigated land.

He said the government will adhere to the minimum support price (MSP) of Rs 1510 per quintal of Grade-A paddy and Rs 1470 per quintal for fair average quality (FAQ) variety.

first published: Nov 9, 2016 07:28 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347