CM orders clearance of pending paddy payment to farmers in 48 hours
Thursday, 09/11/2017
https://dailypost.in/news/punjab/cm-orders-pending-paddy-payment-farmers/
Chandigarh – Chief Minister Captain Amarinder Singh has ordered clearance of all pending paddy procurement payment of the farmers within 48 hours, following enhancement of the Cash Credit Limit (CCL) by the Reserve Bank of India (RBI). The Chief Minister has made it clear that no delay or laxity in this regard would be tolerated, an official spokesperson said. The Chief Minister’s directive came after RBI issued authorisation of CCL enhancement to Rs 33,800.22 crore for the procurement of paddy up to the end of November, this year, for the current Kharif Marketing season.
A communiqué received by the state Principal Secretary Finance said “RBI accedes to the request of state government for enhancement of CCL with validity period up to November 30, this year, for the procurement of Paddy under Kharif 2017–18, subject to the conditions that outstanding would always be backed by fully paid stocks valued as per norms, and funds herein authorized would be released by the State Bank of India after Punjab submits the letter of consent under Article 293 (3) of the Constitution of India, obtained from the Ministry of Finance, Government of India.”
It may be recalled that the Central government had earlier, in October, sanctioned CCL worth Rs 28,262.84 crore for the procurement of paddy in the ongoing Kharif marketing season, as a result of the persistent personal efforts of the Chief Minister. Captain Amarinder had again pursued the matter with Prime Minister Narendra Modi, Union Finance Minister Arun Jaitley and the Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan, resulting in the sanction of the November CCL, said the spokesperson. The Capt.govt, he said, was committed to timely and hassle-free procurement of paddy in the State.
