According to an official , the Union ministry of agriculture and farmers’ welfare has conveyed by a letter on Saturday its approval to implement the Price Support Scheme (PSS) for procurement of 4585 MT of summer time moong in Punjab for Rabi season 2021-22 as per the PSS pointers, 2018.
The letter additional talked about that the date of procurement might be determined by the state authorities and the procurement interval will stay 90 days from such date. “For making cost of procurement bills towards the sanction order, central nodal company, based mostly on supporting paperwork, might withdraw funds from the money credit score quantity which is backed by Government Guarantee,” it provides.
The Central nodal company ought to confirm the provision of scientific space for storing in accordance to PSS pointers earlier than graduation of procurement. The state authorities will present a revolving fund equal to at the least 15% of procurement value of sanctioned amount and be certain that the cost is made instantly into the financial institution accounts of the farmers inside three days of procurement, the letter reads.
The Punjab authorities has already determined to present MSP to the farmers for moong grown earlier than paddy cultivation and sought support from the Centre. Summer moong is a crop of 65 days with an anticipated yield of about 5 quintals per acre. It could also be recalled that the MSP of unpolished moong is Rs 7275 per quintal, however usually market costs are greater than the aforesaid price. However, India imports a considerable amount of moong yearly for home consumption. In case the state farmers are incentivised this manner, the manufacturing of moong might be enhanced manifold in Punjab, stated the spokesperson.
The Punjab authorities had requested the Centre to buy your complete amount of moong crop to make our nation self-reliant in pulses having excessive protein.