Farmers in Punjab and Haryana receive money directly into account under one MSP policy

Featured Image: Protesting farmers remove the barricades after breaching the routes during their
tractor rally on Republic Day at Ghazipur border, in New Delhi. Credits: ANI Photo

As the protesting farmers are again organising themselves to come to Delhi trying to force the government to take back the Farm Bill Act, farmers in the state of Punjab for the first time have started receiving payments directly into their bank accounts against the sale of their Wheat crop.

So far the government has transferred Rs 8,180 crore directly into the bank accounts of Punjab farmers and Rs 4,668 crore has been transferred directly into farmers’ accounts in the state of Haryana under the “One Nation, One MSP, One DBT” policy.

During the Rabi Marketing Season (RMS) 2021-22, the Government of India continues to procure Rabi crops at MSP from farmers as per the existing Price Support Scheme.
 
Wheat procurement is going on at brisk pace in the procuring States & UTs of Punjab, Haryana, Uttar Pradesh, Chandigarh, Madhya Pradesh, Rajasthan, and other States with a purchase of over 222.33 LMT up to 25 April 2021 against 77.57 LMT during the corresponding period of last year.
 
Out of the total purchase of 222.33 LMT, major contribution has been made by Punjab – 84.15 LMT (37.8%), Haryana- 71.76 LMT (32.27%) and Madhya Pradesh -51.57 LMT (23.2%) of total procurement up to 25 April 2021.
About 21.17 Lakh Wheat farmers have already been benefitted from the ongoing RMS procurement Operations with MSP value of about Rs. 43,912 Crore.

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