Reserve Bank of India.
State Food and Civil Supplies Minister Adaish Partap Singh Kairon today said RBI had sanctioned a limit of Rs 18,972 crore for paddy procurement this year.
The minister, who had a meeting with a delegation of commission agents here, said the government has urged RBI to enhance the limit to Rs 25,225 crore so that pending payments to the agents and farmers could be released.
Against the 119 lakh tonnes of paddy procured last year, government agencies procured over 140 lakh tonnes of paddy this season (October 1 to December 15).
Following the minister’s assurance, Vijay Kalra, President of the Federation of Arhtiya Association, agreed to call off the protest rally planned on December 28.