Announcement of additional bonus on government purchase of paddy in Telangana and Jharkhand
30-Sep-2024 07:18 PM
Hyderabad. Ranchi. Announcing an additional bonus of Rs 500 per quintal on paddy to farmers in the Kharif marketing season of 2024-25 in Telangana, the most prominent paddy producing state of South India, the state government has allocated an amount of Rs 2500 crore for this.
It is noteworthy that the Central Government has fixed the Minimum Support Price (MSP) of paddy for the current season at Rs 2300 per quintal for the general category and Rs 2320 per quintal for 'A' grade (super fine). Estimating the production of 154 lakh tonnes of paddy in Telangana this year, a target of government procurement of 80 lakh tonnes has been set.
According to the estimate of the state government, this time farmers will be given an additional bonus of about Rs 10 thousand per acre for paddy in addition to the minimum support price.
The total purchase target of 80 lakh tonnes of paddy there will include 50 lakh tonnes of superfine category (A grade) product. For which farmers will get the price at the rate of Rs 2820 per quintal.
It is worth mentioning that Telangana government will require about 36 lakh tonnes of super fine rice annually for distribution in various posts.
Good quality rice will be made available to the common people there. Here, Jharkhand government has also announced to give an additional bonus of Rs 100 per quintal on the purchase of paddy, due to which farmers will get a price of Rs 2400 per quintal for same category paddy and Rs 2420 per quintal for 'A' grade paddy. For this, a provision of Rs 60 crore has been made by the state government.
This time a target of purchasing 6 lakh tonnes of paddy has been set in Jharkhand. It is worth mentioning that Telangana is a leading state contributing paddy-rice to the central pool.
Paddy is cultivated there in about 44 lakh acres and its average yield rate is around 20 quintals per acre. Here, due to less monsoon rainfall in Jharkhand, there has been some decline in the area of paddy this time. Due to this, production is likely to decrease.