Rs 14,000 crore to be infused via paddy procurement in Uttar Pradesh

An estimated Rs 14,000 crore is expected to be injected into the rural economy of Uttar Pradesh through the procurement of paddy in the current 2022-23 kharif marketing season.

During the current procurement cycle — effective for five months during October-February — the UP government is targeting to procure 7 million tonnes (MT) of paddy across the state.

In the 2022-23 kharif season, the minimum support price (MSP) has been fixed at Rs 2,040 per quintal for common paddy and Rs 2,060 per quintal for Grade A paddy. The average procurement price juxtaposed with the procurement target translates into a