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Government disburses 42% more money to wheat farmers this year

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Getty ImagesThe government has disbursed 42% more money in direct payment to wheat farmers this year as compared with 2020 on higher procurement, pumping more liquidity into rural markets amid the second Covid-19 wave which has disrupted the economy.

“We have disbursed ₹49,965 crore so far among wheat farmers against procurement of 33.7 million tonnes of wheat. Last year we could procure 28 million tonnes during this period, with a disbursement of ₹35,000 crore,” said Atish Chandra, chairman of state-run Food Corporation of India (FCI).

He said the number of beneficiary farmers has increased to over 3.4 million from 2.81 million last year.

“All these farmers have been paid directly in their bank accounts,” said Chandra, who is also managing director of FCI. “It takes 48-72 hours to transfer the payment after the purchase. Out of the total disbursement of ₹49,965, more than 66% have been given to farmers in Punjab and Haryana. They contributed more than 62% to the central pool.”

Chandra said wheat procurement is progressing smoothly with Haryana exceeding the target.

“Haryana with a procurement of 8.07 million tonnes, has exceeded its target of 8 million tonnes, while Punjab with procurement of 12.86 million tonnes will easily go past its target of 13 million tonnes,” Chandra said. “Other major procuring states Uttar Pradesh and Madhya Pradesh will also reach their targets easily.”

Source: indiatimes.com

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