Telangana Cabinet sub-committee holds talks with millers

Irrigation and Civil Supplies Minister N Uttam Kumar Reddy indicated that bank guarantees would become mandatory for allotment of paddy to the millers for custom milling

Hyderabad: Highlighting the varying policies on bank guarantees across States, Irrigation and Civil Supplies Minister N Uttam Kumar Reddy on Wednesday indicated that bank guarantees would become mandatory for allotment of paddy to the millers for custom milling.

The cabinet sub-committee constituted by the government earlier in the day to study the various aspects of paddy procurement and bank guarantees, had a meeting with representatives of millers organisations. Assuring the millers of a fair deal, the Civil Supplies Minister said each state had different policies regarding bank guarantees. In some places, there was a 100 per cent bank guarantee, while in others, it was 50 percent.

---

The meeting also addressed the substantial financial commitment for the upcoming Kharif season, with the government allocating Rs 20,000 crore for Kharif paddy procurement . Additionally, discussions are underway with different countries and other states to facilitate the export of Kharif paddy.