Tripura government would spend Rs 37.36 crore in procuring paddy from farmers

Agartala: Tripura government has decided to purchase 20,000 MT paddy at Minimum Support Price (MSP) starting from January 11, said education minister and cabinet spokesperson Ratan Lal Nath on Tuesday.

The state government’s move comes amid farmer protests across the country, with farmer organisations demanding rollback of three controversial farm laws.

Speaking to reporters, Nath said that in a bid to provide financial assistance and double farmer’s income, the state cabinet approved to procure 20,000 MT paddy from farmers in the present financial year.

“32 purchase centres would be set up across the state to procure paddy at MSP of Rs 18.68 per kg which will incur an amount of Rs 5.28 crore for milling charge from the state budget,” Nath said.

Also Read: Tripura to procure 20,000 MT paddy from farmers at MSP

In 2018, Tripura saw paddy procurement for the first time after the BJP-IPFT government came to power. It was procured directly from the farmers at MSP of Rs 17.50 per kg.

“We have procured 12,891 MT and 8,553.27 MT in two phases spending from 7909 and 5697 farmers spending Rs 23.39 and Rs 15.51 crore in 2019-20. The state government has provided a subsidy of Rs 10.96 crore in last two years while procuring paddy from farmers at MSP”, Nath added.

Speaking further, Nath said that Rs 271.33 crore worth of direct benefit transfers were made to 2.30 lakh farmers in state under the Pradhan Mantri Kisan Samman Nidhi Yojana.

Also Read: Tripura: FCI to procure 50,000 MT paddy from farmers at MSP

The minister further informed that the state government had taken a host of initiatives to assist the state youths.

“We have decided to consider the subsidy applications filed by the entrepreneurs under the Tripura Industrial Investment Promotion Incentive Scheme, 2017. There was a delay because many of them could not apply within June 30 due to the pandemic. The deadline was extended till December 31,” Nath explained.

Also Read: Why Farmers Are Worried About New Laws; It’s The History

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