Telangana govt to buy Kharif produce from farmers as mandis remain closed

Will need Rs 35,000 crore to buy all the standing crops in the state

Telangana government will purchase all produce, including rice and pulses, from farmers at the minimum support price (MSP) this Kharif season, as the agriculture markets remain closed as part of the ongoing lockdown being enforced till April 14.

Announcing this today, chief minister K Chandrasekhara Rao said his government has been in talking to the Reserve Bank of India (RBI) on funding and payment requirements in this regard. According to the chief minister, the government would need Rs 35,000 crore to buy all the standing crops in the state.

Chief minister Rao said the government was going to purchase the agriculture commodities