Kerala allocates Rs 100 crore for paddy procurement subsidy
The Agriculture Department claims that under Kerala’s unique Paddy Receipt Sheet (PRS) loan scheme, farmers receive immediate payment through banks, with the state repaying both the principal and interest
To manage the influx, the state’s Civil Supplies Corporation has readied over 7,000 PPCs, introduced digital token systems for hassle-free transactions.
The Kerala government has allocated ₹100 crore as subsidy for paddy procured from farmers during March and April, Finance Minister KN Balagopal announced.
The amount was released through the State Civil Supplies Corporation, which oversees procurement.
Earlier this year, ₹185 crore was provided for paddy procured till February.
Of the ₹606 crore earmarked in the current fiscal’s budget, ₹285 crore has now been disbursed.
Despite a pending ₹1,100 crore in arrears from the central government’s support price and freight assistance — some dating back to 2017 — the state continues to ensure timely payments to farmers.
The Agriculture Department claims that under Kerala’s unique Paddy Receipt Sheet (PRS) loan scheme, farmers receive immediate payment through banks, with the state repaying both the principal and interest.
It also added that Kerala also offers the highest price for paddy in the country by combining the central support price with a state subsidy, setting a model for other states.