Chandigarh, May 13 (PTI) Punjab government today said it has made a record payment of Rs 14,053.61 crore to wheat growers for procurement of the crop for the central pool during the ongoing Rabi marketing season. The "persistent" efforts by Punjab Chief Minister Amarinder Singh led to the Reserve Bank of India (RBI) enhancing the states Cash Credit Limit (CCL) to a total of Rs 20,683 crore, said an official spokesman. The RBI has also directed the state government to ensure that all its food credit accounts are always backed by fully paid stock value as per norms. The total procurement of wheat this season so far stood at 118,08 lakh metric tonnes, of which 115.47 lakh MT was purchased by the state government procurement agencies. Of this, 111.41 lakh MT has already been lifted from the mandis, making it a remarkably smooth and swift procurement operation, the spokesman added.

Source: India Today May 13, 2017 09:00 UTC