What is rice and wheat procurement status of the government in India

Get information about the current status of rice and wheat procurement by the government of India.
The government of India is responsible for procuring rice and wheat from farmers at Minimum Support Price (MSP) to maintain food security and stabilize market prices. Here are the current status of rice and wheat procurement by the government of India:
  • As of 22 April 2021, the central government has procured over 357.31 lakh metric tonnes (LMT) of wheat and 786.09 LMT of paddy during the 2020-21 crop year.
  • The procurement process is carried out through various agencies such as Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India (NAFED), and state agencies such as Markfed in Punjab, HAFED in Haryana, etc.
  • The procurement process started on time despite the COVID-19 pandemic and lockdown restrictions.
  • The government has also increased the MSP for crops to ensure farmers get better remuneration for their produce.
  • The government has set a target of procuring around 420 LMT of wheat and 510 LMT of paddy in the 2021-22 crop year.
  • The government has also initiated several measures to ensure timely payments to farmers and reduce their dependence on middlemen.
Overall, the government of India is taking proactive steps to ensure the smooth procurement of rice and wheat from farmers and maintain food security in the country.
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