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The Hindu
The Hindu
National
The Hindu Bureau

Kerala government sanctions ₹203.9 crore for paddy procurement

Kerala K N Balagopal Supplyco Central The State Government

The State Government has sanctioned ₹203.9 crore to the Kerala State Civil Supplies Corporation (Supplyco) for the procurement of paddy.

Of this, ₹195.36 crore is the State subsidy for procurement while ₹8.54 crore is meant to meet the handling charges, Finance Minister K. N. Balagopal said on February 24.

Mr. Balagopal said the State government is releasing the money as the Centre had run up arrears on the Central assistance towards the support price. A payment of ₹763 crore is pending from the Centre in this regard, Mr. Balagopal said. ₹388.81 crore is pending for 2023-24, ₹351.23 crore for 2022-23 and ₹23.11 crore for 2021-22, according to the Minister.

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