The Tamil Nadu government would procure paddy directly from farmers from September 1 at ₹2,310 a quintal for Grade-A varieties and ₹2,265 a quintal for common varieties. Chief Minister M.K. Stalin has issued directions in this regard.
The procurement price of ₹2,310 a quintal for Grade-A varieties includes a Minimum Support Price (MSP) of ₹2,203 per quintal, approved by the Union government for the 2023-24 Kharif season, and an incentive of ₹107 a quintal from the State government.
In the case of the ₹2,265 a quintal for common varieties, the MSP is ₹2,183 a quintal and the incentive from the Tamil Nadu government is ₹82 a quintal, an official press release from the Agriculture and Farmers’ Welfare Department said.
