Even as Tamil Nadu procured about 44.22 lakh tonnes of paddy during 2022-23, the State has set a target of 50 lakh tonnes for 2023-24, the procurement process for which commenced on Friday (September 1).
As per the plan drawn up by the Tamil Nadu Civil Supplies Corporation (TNCSC) for the current year, the grade ‘A’ variety of paddy will account for 35 lakh tonnes and common variety, 15 lakh tonnes. After taking into account the minimum support price (MSP) fixed by the Union government, the State government determined the MSP as ₹2,310 a quintal for grade ‘A’ and ₹2,265 a quintal for common variety. The two varieties carry the State government’s incentive of ₹107 per quintal and ₹82 per quintal respectively.
During 2022-23, a total of ₹9,453 crore would have been incurred towards the procurement, of which the State government’s incentive component would have been approximately ₹390 crore.
