The CCL of Rs 2,953.46 crore had been extended by the RBI until the end of May.
During the current rabi production season, Punjab has procured over 125 lakh metric tonne wheat. Farmers have been paid a total of Rs 21,472 crore so far, according to Chief Minister Amarinder Singh. Despite the challenges of #COVID-19, we have procured more than 125 lakh MT wheat and paid Rs 21,472 crore to our farmers, Singh said in a tweet.
“Our procurement agencies are working hard to ensure prompt lifting and payment,” he said. Punjab Food, Civil Supplies, and Consumer Affairs Minister Bharat Bhushan Ashu recently stated that the state government anticipates a total crop arrival of 130 lakh tonne.
The Reserve Bank of India (RBI) had previously increased Punjab’s cash credit cap (CCL) for the ongoing wheat procurement season. The CCL of Rs 2,953.46 crore had been extended by the RBI until the end of May. A state government statement earlier said that the approved cap of Rs 21,658.73 crore had been increased to Rs 24,612.19 crore as a result of this.