Telangana govt deposits Rs 210 cr in farmers’ accounts as Markfed arrears

By Author  |  Published: 30th Jun 2020  7:13 pm

Hyderabad: The State government has deposited Rs 210 crore into farmers’ bank accounts as payment of arrears towards the agricultural produce that they sold to Markfed. Markfed paid Minimum Support Price (MSP) for maize, jowar, chickpea and sun flower procured from farmers.

Minister for Agriculture Singireddy Niranjan Reddy said that Rs 198.23 crore was paid for 9,42,943.600 tons of maize procured from farmers, Rs 4.09 crore for 35,934 tons of chickpea, Rs 5.69 crore for 18, 487 tons and Rs 2.48 crore for 4,493 tons of sunflower. The Minister that Canara Bank released Rs 1,000 crore to Markfed enabling it to make these payments. Other banks have agreed to release Rs 3,213 crore to Markfed following the guarantee provided by the government, he said.

“The price paid for maize farmers is a record of sorts. No other government in any State has given that rate. Chief Minister K Chandrashekhar Rao directed us to procure every single grain from farmers this year despite the prolonged lockdown keeping the welfare of the farmers in mind,” he said.


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