Chandigarh, March 29 (SocialNews.XYZ) Punjab has fixed a target of procuring 132 lakh tonnes of wheat that will begin on April 1 and culminate on May 31, officials said on Tuesday.
The Centre has fixed the minimum support price (MSP) of wheat at Rs 2,015 per quintal, hiking it by Rs 40 from last year's Rs 1,975 per quintal.
With the efforts of Aam Aadmi Party (AAP) government led by Chief Minister Bhagwant Mann for seeking Cash Credit Limit (CCL) from the Centre before the commencement of wheat procurement, the Reserve Bank of India (RBI) on Monday cleared Rs 24,773.11 crore towards CCL up to April-end.
Meanwhile, Mann expressed gratitude to the Centre for timely release of CCL, which would go a long way in ensuring seamless procurement of the wheat.
He directed the state Food and Civil Supplies Department to ensure smooth and hassle-free procurement of wheat, besides making payment to them of their produce from April 1.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz