Chhattisgarh govt announces bouns of Rs.300/qtl on paddy.

Chhattisgarh government increases the bonus of RS.300/quintal on paddy which would result in the marginal hike of rice price in the state. The decision would help the farmers in Chhattisgarh to earn Rs 1,850 per quintal for common grade and Rs 1,890 for A grade variety of paddy given the procurement at the MSP fixed by the union government at Rs 1,550 for common grade variety and Rs 1,590 for A grade variety. Due to severe drought, paddy production has been affected in the state and the farmers will prefer to sell whatever yield they get to the government due to bonus which is likely to inflate the rice price in open market.