Thursday, 5 November 2009

Government approves bonus for paddy

The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a
bonus of Rs.50 per quintal over and above the minimum support price to
paddy farmers.
The food ministry had earlier proposed a bonus of Rs.50 a quintal to
step up rice procurement in the current season.

The government Aug 20 had revised the support price to Rs.950 a quintal
for average quality and Rs.980 a quintal for higher grade for 2009-10.

The government has set a target of procuring 294 lakh tonnes of paddy
this season.

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