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CM Badal seeks credit limit of Rs 20,000 crores for timely payment to farmers

By PTC News Desk -- April 19, 2016 8:04 am -- Updated:Feb 15, 2021

Punjab Chief Minister Parkash Singh Badal on Monday called on Prime Minister Narendra Modi at the latter’s official residence here and sought the immediate release of cash credit limit (CCL) worth Rs 20,094 crore to enable the state government to make timely payment to the farmers for the wheat procurement.

Mr Harcharan Bains said that the meeting, which lasted nearly 20 minutes, was fruitful. The Prime Minister assured Badal of positive action and said that he would get this issue resolved on priority.

According to Bains, the Chief Minister apprised Modi that inordinate delay in CCL clearance would jeopardise the ongoing procurement operations. This, he said, could lead to disaffection in the farming community which might lead to law and order complications. Badal also told the Prime Minister that the farming community in Punjab was passing through severe crisis due to high costs of agriculture inputs as against non remunerative minimum support price (MSP). This, he said, had rendered agriculture a non-profitable venture. “The ever decreasing margins and mounting debt on the farmers has further increased their woes, forcing more and more farmers to quit farming,