Punjab CM orders release of pending paddy payments.

Punjab Chief Minister Amarinder Singh today ordered clearance of all pending paddy procurement payment to farmers within 48 hours, following enhancement of Cash Credit Limit (CCL) by the Reserve Bank. Chief Minister made it clear that no delay or laxity in this regard would be tolerated. Chief Ministers directive came after RBI issued authorisation of CCL enhancement to Rs 33,800.22 crore for the procurement of paddy up to the end of November 2017, for the current Kharif marketing season. A communique received by the State Principal Secretary Finance said RBI accedes to the request of state government for enhancement of CCL with validity period up to November 30 for the procurement of Paddy under Kharif 2017-18.