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Business EconomyPosted at: May 21 2022 7:31PM


Centre to procure Moong at MSP from Punjab

Chandigarh, May 21 (UNI) The Union Government has agreed to implement Price Support Scheme for the procurement of Moong crop in Punjab for Rabi season 2021-22.
According to a spokesperson of the Chief Minister’s office, the central government has conveyed to the state through a letter, its approval to implement the PSS for procurement of 4,585 MT of summer Moong in Punjab as per the 2018 guidelines.
"The State Government will provide a revolving fund equivalent to at least 15 per cent of procurement cost of sanctioned quantity and ensure that the payment is made directly into the bank accounts of the farmers within three days of procurement," the letter said.
The letter also mentioned the date of procurement will be decided by the state and the procurement period will remain till 90 days from that date.
The Centre’s communiqué said that the central nodal agency should verify the availability of scientific storage space according to PSS guidelines before commencement of procurement.
The Punjab government has already decided to provide MSP to the farmers for Moong grown before paddy cultivation and sought support from Centre.
Pertinently, summer Moong is a crop of 65 days with an expected yield of about 5 quintals per acre. The MSP of unpolished moong is Rs 7,275 per quintal but generally market prices are higher than this price. However, India imports a substantial quantity of Moong every year for domestic consumption.
The Punjab government had already requested the Centre to purchase the entire quantity of moong crop to make the country self-reliant in pulses having high protein content.
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