UP govt announces new paddy purchase policy, to purchase record 5 MMT.

After successfully purchasing record wheat, the Uttar Pradesh Government has announced its paddy purchase policy under which 50 lakh meteric tonnes of paddy will be purchased this fiscal. Power Minister and Government spokesman said that over 3000 purchase centers will operate across the state and farmers will get payment within 72 hours. The general variety of paddy will be purchased at the rate of Rs 1550 per quintal while advance variety will fetch Rs 1590 per quintal. Besides, Rs 15 per quintal will be given to farmers as handling charge, which earlier was just Rs 3. In western UP, these centers will operate from September 25 to January 31 while in eastern UP the paddy purchase centres will operate from November 1 to February 28. This time, the Government has also announced incentive for rice millers. Those mills which thresh the purchased paddy within a month’s time, will get Rs 10 per quintal.