In ongoing KMS 2022-23, MSP of Rs. 159,659.59 Crores paid for paddy procurement benefitting 1,12,96,159 farmers


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Agartala, May 26, 2023, By Our Correspondent


The Government policy of procurement of paddy has broad objectives of ensuring MSP to the farmers and availability of food to the weaker sections at affordable prices. It also ensures effective market intervention thereby keeping the prices under check, also adding to the overall food security of the country.

During the Kharif Marketing Season (KMS) 2022-23, (upto 22.05.2023), the production of rice is 1308.37 LMTs (as per second advance estimate), procurement estimate of rice is 626.06 LMTs and quantity of rice procured is 520.63 LMTs. In KMS 2022-23 (upto 22.05.2023), this has led to MSP payment of Rs.159,659.59 Crores and benefited 1,12,96,159 farmers.