Key Points
Payments worth Rs 159,659.59 crore have been made to as many as 1.12 crore farmers by the centre for having procured paddy at Minimum Support Price (MSP), the Union food ministry said Friday...
Food Corporation of India, the nodal central agency, along with other state agencies undertakes procurement of paddy under the price support scheme (at MSP)..
Those procured paddy is then milled to make rice and distributed to the public under various food security schemes...
"FCI and the state government/agencies (however through its procurement drive) ensure that the farmers are not compelled to sell their produce below support price," the food ministry said in a release...
Meanwhile, third advance estimates of production of major crops for the agricultural year 2022-23 released by the agriculture ministry on Thursday pegged total foodgrain production in the country at a record 330.5 million tonnes, which is higher by about 15 million tonnes as compared to the previous year 2021-22...
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