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States » NorthPosted at: Oct 9 2019 7:59PM


Punjab govt clashes Rs 10 lakh non-refundable levy security on millers to Rs 7.25 lakh refundable security

Chandigarh, Oct 9 (UNI) Punjab Food, Civil Supplies and Consumer Affairs Minister Bharat Bhushan Ashu on Wednesday said that to save the farmers from any harassment and keeping in mind genuine demands of the rice millers, the state government has decided to slash Rs 10 lakh of levy security (Rs five lakh refundable plus Rs five lakh non-refundable) to Rs 7.25 lakh refundable levy security.
A decision to this effect was taken after a meeting held under the chairmanship of Mr Ashu. Rural Development and Panchayat Minister Tript Rajinder Singh Bajwa and prominent rice millers of the state, including Gian Bharadway Group and Rakesh Jain Group, also attended the meeting.
The Minister also informed that this decision would bring respite to the rice millers. Bank guarantee shall be applicable only to millers for quantum of paddy stored over and above 5000 Metric Tonnes (MT), instead of 4000 MT.
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Tags: #Punjab govt clashes Rs 10 lakh non-refundable levy security on millers to Rs 7.25 lakh refundable security
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