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RBI extends CCL limit for Punjab paddy procurement till Nov end

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Gitanjali Mangal
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RBI extends CCL limit for Punjab paddy procurement till Nov end
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The CCL extension for Punjab is now till November 2020, for the ongoing
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paddy procurement season. Also Read | Government of India prohibits the export of onion seeds, with immediate effect publive-image According to the reports, the
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Reserve Bank of India (RBI) has extended the Cash Credit Limit (CCL) of Rs. 5331.79 crores, till the end of November, 2020. With this, the sanctioned limit of Rs. 30,220.82 crore for end October 2020 has been enhanced to Rs.35,552.61 crores upto end of November, 2020. Also Read | First Halloween ‘Blue Moon’ in 76 years The extension for procurement of paddy, under new account no. VII during Kharif Marketing Season (KMS) 2020-21, is subject to the state government ensuring that SBI would release funds. educareThese funds get authorized only after Government of Punjab submits the Letter of Consent under Article 293(3) of the Constitution of India, obtained from Ministry of Finance, Government of India, and subject to outstanding under all the food credit accounts to be always backed by fully paid stock valued. -PTC News-
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