India

Farmers confused as Punjab arthiyas seek blank cheques | India News – Times of India


BATHINDA/ NEW DELHI: Three days into the official begin of wheat procurement in Punjab, uncertainty prevails over the mode of cost. The state has rolled out the direct profit switch (DBT) for the primary time, however assortment of blank cheques, and in some circumstances signed cheques, by arthiyas has turned out to be a priority for farmers who’ve been left in a state of confusion. Sources mentioned the relation between arthiyas and farmers, who at the moment are getting the MSP quantity of their financial institution accounts, is a matter of their “mutual understanding”, however it’s conserving a detailed eye on this.
In Punjab, 5 state businesses procure foodgrains they usually pay MSP. The Food Corporation of India reimburses the quantity to the state procurement businesses when it lifts the stocked grains. “The procurement agencies raise loans from banks only because there is an assurance that FCI will reimburse the amount for grains procured by them. So, ultimately, the payment goes from the Centre. Now there is no need to rock the boat when the state has finally agreed to implement the DBT after several extensions,” mentioned a supply. Meanwhile, a number of farmers mentioned the arthiyas are taking blank cheques to be assured in regards to the return of their loans and even curiosity quantity on loans superior to farmers.

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