RBI clears Rs 21,658.73 crore CCL for Punjab for Rabi marketing season 2021
The Reserve Bank of India (RBI) on Monday cleared a sum of Rs. 21,658.73 Crore towards Cash Credit Limit (CCL) up to end April-2021 for the procurement of wheat in Punjab during the ensuing rabi marketing season.
With this, the bulk of the Cash Credit Limit sought by the Punjab government for the purchase of 105.60 lakh tonnes of wheat for rabi marketing season 2021 has been released by the Reserve Bank of India.
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The release of the CCL would facilitate the state government in making timely payments to farmers against purchases of food grains in the current season, which would begin from April 10 and culminate on May 31, according to an official spokesperson.
The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs.1975 per quintal, hiking it by Rs.50 from last year’s Rs.1925 per quintal.
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Meanwhile, Chief Minister Captain Amarinder Singh directed the Food and Civil Supplies Department to ensure that the farmers do not face any hassles in the procurement of their produce especially amid the COVID-19 pandemic.
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