Procurement of paddy under MSP in Chhattisgarh ANI | Updated: Jan 03, 2021 21:57 IST
New Delhi [India], January 3 (ANI): An Memorandum of Understanding (MoU) has been signed between Government of India, State Government and Food Cooperation of India in both Scheme of Decentralised procurement (DCP) and non-DCP states for procurement of paddy from farmers under the central pool.
As per Clause No.3 of MoU of DCP State, in the situation of State giving any bonus/ financial incentive in direct or indirect form, over and above Minimum Support Price (MSP), if the overall procurement of the State is in excess of the total allocation of the State made by the Government of India under Targeted Public Distribution System (TPDS)/ Other Welfare Schemes (OWS), such excess quantity shall be treated to be outside the Central Pool, Ministry of Consumer Affairs, Food and Public Distribution said in an official press release.