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Govt allots Rs 1,000 cr to FCI for clearing dues of rice millers in Andhra Pradesh


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HYDERABAD: The Central Government has announced the release of Rs 1,000 crore to the Food Corporation of India (FCI) with the aim to help clear the dues of the rice millers in the state. This amount will be paid for the rice procured from the millers.

Mr N Kiran Kumar Reddy, state Chief Minister, has also thanked Mr KV Thomas, Union Minister of State for Food and Civil Supplies, for clearing the amount for release to the FCI. Mr Reddy also wants the rice milers to gain momentum in paddy procurement by providing minimum support price. In the last few days, FCI has made a payment of Rs 270 crore to the millers.

Moreover, the state has been pursuing the Central government for the release of additional funds for market purchase. FCI had owed nearly Rs 1,000 crore to the state rice millers for the procurement.

Mr Reddy has taken close account of the kharif agricultural operations and also spoke about the need to establish a State Agriculture Commission, which plays an advisory role to the farm sector consisting of addressing issues like remunerative prices.

http://news.indiamart.com/story/govt-allots-rs-1000-cr-fci-clearing-dues-rice-millers-andhra-pradesh-144118.html

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