Home Fashion Punjab begins procurement of moong on MSP for first time

Punjab begins procurement of moong on MSP for first time

For the primary time within the historical past of Punjab, the federal government has began the procurement of the summer time moong crop immediately from farmers at a minimal help value (MSP) of Rs 7,275 per quintal. Jagraon Mandi in Ludhiana district leads the state with the arrival of round 58 p.c of the entire crop thus far.

Because the summer time crop is being procured on an MSP of Rs 7,275 per quintal, the farmers will get Rs 36,000 as a further earnings for 5 quintals, the anticipated yield per acre in between wheat harvest and paddy cultivation.

A authorities assertion mentioned as an affirmative response to the enchantment of Punjab Chief Minister Bhagwant Mann, the farmers this 12 months sowed the moong crop on round one lakh acres of land as in comparison with 50,000 acres final 12 months. A yield of 4.75 lakh quintal is anticipated this 12 months.

Based on the spokesperson of the chief minister’s workplace, Mann had appealed to the farmers: “This step will certainly save the pure sources of the state by way of treasured groundwater in addition to bettering soil well being and producing extra earnings for the farmers. This may additional profit the cultivation of short-duration types of paddy which is anticipated to save lots of 10-20 per cent of underground water.”

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Out of complete arrival of moong throughout the state, 790 quintal (58 p.c) crop arrived solely in Jagraon Mandi adopted by Barnala with arrival of 510 quintals. Out of the 790 quintals crop that arrived in Jagraon Mandi, 555 quintals had been procured by authorities and personal companies on MSP or above.

The federal government has already applied the DBT (direct profit switch) for the crop procured on the MSP and the cost thereof is being immediately credited to the financial institution accounts of the farmers by the procurement company Markfed.

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