Connect with us

Hi, what are you looking for?

India

Odisha urges Centre to release Rs 3,654.41 cr for food subsidy

Odisha Chief Minister Naveen Patnaik has requested the Centre for release of food subsidy to the state for timely payment to farmers.

In a letter to Union Consumer Affairs Minister Ram Vilas Paswan, Patnaik wrote that Odisha’s food subsidy bill of Rs 3,654.41 crore was pending with the Department of Food and Public Distribution (DFPD).

“It is a matter of concern that Odisha’s subsidy bill amounting to Rs 3,654.41 crore (which includes the advance subsidy up to March 2019) is pending with the DFPD. Such a huge pendency is causing shortage of funds at the Odisha State Civil Supplies Corporation (OSCSC), which may hinder timely payment to farmers,” he said.

The OSCSC, a state PSU, procures paddy on behalf of the government. It borrows money from banks to pay the cost of the paddy directly to the farmers.

While Rs 7,600 crore was paid to farmers last year, the payments this year have already crossed more than Rs 6,000 crore, informed Patnaik.

OSCSC is on the verge of reaching its credit limit, he added.

“To ensure adequate funds with the OSCSC for payment to farmers, it is essential that the DFPD regularly releases the food subsidy to the government of Odisha,” said the Chief Minister.

IANS

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Politics

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.