MARKFED suffers Rs950 cr loss in paddy purchase

Published on: 

The Chhattisgarh State Cooperative Marketing Federation ltd (MARKFED) has suffered a technical loss of Rs950 crore during the last two years while purchasing paddy from the farmers at the minimum support price (MSP).

This was informed by Food Minister Punnulal Mohle in a written reply to BJP member Devji Bhai Patel in the State Assembly here on Tuesday.Mohle said that according to the claim by made by the MARKFED before the State government, it incurred a technical loss of Rs340.79 crore in Kharif year 2011-2012 and Rs61.292 crore in Kharif year 2012-13.

The government has yet to sanction the funds until July 13 against the claim, he said.MARKFED has not made any claim so far for the current Kharif year. The amount of losses  are  being calculated, he added.Mohle said that show cause notices have been served on  concerned MARKFED officials who had shown one to two per cent stock variation in 2011-2012.

Departmental inquiry has been ordered against officials who had showed about two to four percent stock variation, he said.Those who were found with having four per cent variation, they have been suspended, he said.The procurement centre operated by Regional Assistant Asarfuddin at Hardi  was found having a shortage of paddy worth more than Rs5.18 crore, the Minister said.

Similarly the procurement centre run by Regional Assistant Dindayal Sahu at Sitapur was having a shortage of paddy worth Rs1.2 crore, he said. 

Daily Pioneer
dailypioneer.com