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*Channi hikes relief for damaged cotton crop to Rs 17,000/acre*

2021-11-18 09:32:21
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*Channi hikes relief for damaged cotton crop to Rs 17,000/acre*

*The Chief Minister also said that “the state government is seriously contemplating to bring a comprehensive proposal in the next Cabinet for formulation of a policy to reserve around 75% of posts in government exclusively for Punjabi youth”.*

*Punjab Chief Minister Charanjit Singh Channi on Wednesday announced to enhance the compensation amount from Rs 12,000 to Rs 17,000 per acre for farmers, who suffered losses due to pink bollworm attack on cotton crop. Of the total relief amount announced, Channi added that 10% would be given to farm labourers involved in picking of cotton.*

*Chairing a high-level meeting with the representatives of 32 farm unions of Sanyukt Kisan Morcha (SKM) led by its president BKU Balbir Singh Rajewal here at Punjab Bhawan, Channi said that “the enhanced compensation amount would involve nearly Rs 200 crore in addition to the already approved Rs 416.18 crore on account of compensation at the rate of Rs 12,000 per acre.”*

*Channi said that the meeting ended on a positive note and of the 18 demands, most have been met.*

*Channi said that “5.63 lakh farmers have already been benefitted from loan waiver scheme to the tune of Rs 4,610.84 crore”. He added, “Apart from these, a sum of Rs 520 crore is being provided to the landless farmers and farm workers across the state.”*

*He said, “the Revenue department in sync with concerned Deputy Commissioners is already in the process to finalize the remaining cases.”*

*Expressing satisfaction over “the smooth and hassle free procurement during paddy marketing season”, Channi said that “Rs. 33750 crore has been paid out of Rs. 35965 crore to the farmers, which accounts 98 percent of the total payment for procurement”.*

*-For Regular Commodity Market Update:*

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