FCI)."
An amount of Rs 12200 crore has been released to the farmers in Punjab directly to bank accounts as of 28th October, it added.
The procurement of paddy in Kharif Marketing Season (KMS) 2024-25 commenced on October 1, 2024, and 2,927 designated mandis including 1000 temporary yards have been opened throughout Punjab for smooth procurement of paddy.
The Centre has fixed an estimated target of 185 lakh tonnes for this ensuing KMS 2024-25.
The paddy is being purchased at a MSP (minimum support price) of Rs 2320 per quintal as decided by the Centre for Grade 'A' paddy for KMS 2024-25.
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