To ensure timely payment to the farmers, Punjab Government has set aside Rs18,998 crore for wheat procurement in the State during the Rabi arketing season 2013-14.
“As a part of first installment, Punjab Government has received Rs13,529 crore from the Reserve Bank of India (RBI) for the wheat procurement in the month of April. The second installment of the balance amount would be received in the end of this month, which would be used for the wheat procurement in the month of May and June,” said an official spokesperson of the Punjab Government.
He said that elaborate arrangements have been made to make payment to the farmers within 48 hours of the procurement of their crop and lifting of the crop procured would be ensured after 72 hours of the procurement.