New Delhi: NCDC on Sunday sanctioned ₹19,444 crore in first instalment for MSP operations support to three states during Kharif season 2020-21.
National Cooperative Development Corporation (NCDC), the apex financing organization of Union Agriculture Ministry has sanctioned as first instalment, funds amounting to ₹19,444 crore to the states of Chhattisgarh, Haryana and Telangana for Kharif paddy procurement under Minimum Support Price (MSP) operations.
These amounts have been sanctioned to assist the States/ State Marketing Federations in undertaking paddy procurement operations in a timely manner through their respective cooperative organizations. Chhattisgarh gets the highest amount to the tune of ₹9,000 crore. Haryana has been sanctioned ₹5,444 crore and Telangana ₹5,500 crore.
“This proactive step by NCDC during the COVID pandemic will give…