Very few mills have come forward to take up the process of custom milling rice (CMR) following an unprecedented condition set by the State government to submit 10 percent of bank guarantee against the cost of grains in the district.
The state government issued fresh guidelines on Tuesday for paddy procurement making the bank guarantee or security deposit mandatory for CMR operations with effect from the Kharif marketing season 2024-25
The millers have made it clear that they are not prepared to provide bank guarantees, with some even threatening to boycott the operations entirely if the policy is enforced.
