Chandigarh, Oct 7 (UNI) With the Reserve Bank of India (RBI) on Wednesday sanctioning a Cash Credit Limit (CCL) amount of Rs 30,220.82 crore for procurement of paddy in the Kharif Marketing Season 2020-21 for the month of October, Punjab Chief Minister Capt Amarinder Singh has directed all procurement agencies to pay pending payments of farmers against already procured grain within 24 hours.
Stating this here on Wednesday, an official spokesperson said the total expected amount of CCL required for the entire paddy procurement season is Rs 35,552 crore, of which Rs 30,220.82 crore has been released and the balance amount would be released as per the standard practice of revising the amount at the end of this month while sanctioning the CCL for November.
Expressing satisfaction at the pace of procurement, Capt Amarinder Singh has asked the Food and Civil Supplies Minister to ensure prompt lifting of the produce and release of payment to farmers within the stipulated timeframe of 72 hours for the procurement to be undertaken now.