Business · India Bureau
Uttar Pradesh to inject ₹16,000 crore into rural economy via paddy procurement
The Uttar Pradesh government has outlined an ambitious paddy procurement programme targeting 6.5 million tonnes by February 2027, with assurances of farmer payments within 48 hours to bolster rural incomes across the state.
LSN India ·
Uttar Pradesh is poised to channel approximately ₹16,000 crore into its rural economy through a structured paddy procurement initiative, officials said. The state government has set a collection target of 6.5 million tonnes of paddy over the coming procurement season, reflecting efforts to support agricultural livelihoods in one of India's largest farming states.
A key feature of the procurement scheme is the commitment to disburse payments to farmers within 48 hours of delivery, addressing longstanding concerns about delayed remittances in agricultural trade. The accelerated payment timeline is intended to provide immediate liquidity to farming households, enabling them to settle debts and reinvest in agricultural operations.
The procurement drive represents a significant intervention in Uttar Pradesh's agricultural sector, where paddy cultivation remains a mainstay for millions of farmers. Officials have framed the initiative as part of broader efforts to stabilise farm incomes and reduce rural distress in the state.
The programme is scheduled to conclude by February 2027, providing a defined timeframe for procurement operations across the state's paddy-growing regions. Implementation details and operational procedures are expected to be announced as the procurement season approaches.