We look at the agriculture sector in India and how agritech startups are creating investment opportunities by raising efficiencies and overall productivity.
Punjab begins direct online MSP payment to wheat growers; farmers reaction mixed
April 21, 2021
We faced problems initially in implementing DBT: State Food Minister
The Punjab Government has begun remitting online payment directly to farmers in their bank accounts towards procurement of wheat for the Centre’s buffer stocks, but not all farmers are happy.
From this year, the Centre has made it mandatory for States to make direct benefit transfer (DBT) to farmers for the foodgrain procured from them by the Food Corporation of India for buffer stocks.
The buffer stocks, procured paying growers the minimum support price fixed by the Centre for the crop, are used to distribute grains through rations shops for various benefit schemes, besides meeting any food emergency due to floods or drought.