Harvest high point: MP sets new benchmark in wheat procurement
Bhopal: Madhya Pradesh has clocked a record-breaking wheat procurement this season, after witnessing a record dip of 33% last year compared to the previous year. The state collected over 62.5 lakh metric tonnes (LMT) so far, well ahead of last year's total of 48 LMT.
With procurement underway until May 5, officials expect to easily cross the revised target of 70 LMT as the procurement is still ongoing.
Last year, a total of only 48 LMT of wheat was procured in the state, which was 33% less than the 7.1 LMT of wheat procured in 2023. In 2022, only 4.6 LMT of wheat was procured in the state.
This year, wheat is being procured at Rs 2,600 per quintal of MSP, which includes a Rs 175 per quintal bonus from the state govt. This is one of the highest rates at which wheat is being procured across the country.
"We were initially given a target of 60 LMT for the procurement of wheat, but when we achieved it, it was revised to 70 LMT. As procurement is ongoing, we are hopeful of achieving the target easily. Compared to the previous year, it has already surpassed it, as only 48 LMT of wheat was procured last year," Managing Director of Food and Civil Supplies Corporation, Anurag Verma, told TOI.
Sources said if past figures were considered, it was in 2020 and 2021 when a maximum of 12.9 LMT and 12.8 LMT of wheat was procured in the state, respectively. It fell to only 4.6 LMT in 2022, but again in 2023, it increased to 7.1 LMT. However, in 2024, it fell by more than 33% to only 4.8 LMT.
This year, it is estimated that the procurement will be around 7 LMT, which will be equivalent to the procurement done in 2023.
Bhopal: Madhya Pradesh has clocked a record-breaking wheat procurement this season, after witnessing a record dip of 33% last year compared to the previous year. The state collected over 62.5 lakh metric tonnes (LMT) so far, well ahead of last year's total of 48 LMT.
With procurement underway until May 5, officials expect to easily cross the revised target of 70 LMT as the procurement is still ongoing.
Last year, a total of only 48 LMT of wheat was procured in the state, which was 33% less than the 7.1 LMT of wheat procured in 2023. In 2022, only 4.6 LMT of wheat was procured in the state.
This year, wheat is being procured at Rs 2,600 per quintal of MSP, which includes a Rs 175 per quintal bonus from the state govt. This is one of the highest rates at which wheat is being procured across the country.
"We were initially given a target of 60 LMT for the procurement of wheat, but when we achieved it, it was revised to 70 LMT. As procurement is ongoing, we are hopeful of achieving the target easily. Compared to the previous year, it has already surpassed it, as only 48 LMT of wheat was procured last year," Managing Director of Food and Civil Supplies Corporation, Anurag Verma, told TOI.
Sources said if past figures were considered, it was in 2020 and 2021 when a maximum of 12.9 LMT and 12.8 LMT of wheat was procured in the state, respectively. It fell to only 4.6 LMT in 2022, but again in 2023, it increased to 7.1 LMT. However, in 2024, it fell by more than 33% to only 4.8 LMT.
This year, it is estimated that the procurement will be around 7 LMT, which will be equivalent to the procurement done in 2023.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Pink Villa
an hour ago
- Pink Villa
Shark Tank India judge Aman Gupta's Rs 700 crore net worth to Rs 1 crore car: Here's everything about his lifestyle
Thanks to Shark Tank India, we are now acquainted with the tireless efforts and strategies that go behind establishing a high-value startup. Aman Gupta, the co-founder and CMO of boAt Lifestyle, is a familiar face to Indian audiences, thanks to his prominent role as one of the primary investors on the show. BoAt is one of India's leading suppliers of audio products. Aman is a go-getter and is never afraid to speak his mind. With his witty remarks and honest feedback, Aman soon made a place in the viewers' hearts. His business insights continue to encourage youth to develop their business acumen. Let's take a look at how it all started and how far he has come in his self-made adventure. Who is Aman Gupta? Shark Tank India Judge's Net Worth, Lifestyle Aman Gupta is a highly strategic investor and skilled entrepreneur. The multi-millionaire businessman is behind boAt's massive popularity nationwide for creating affordable and stylish audio gadgets. Born in New Delhi, India, Aman is a graduate of the Shaheed Bhagat Singh College. He has also done an MBA in Finance and Strategy from the prestigious Indian School of Business. The business tycoon is generously rewarded for his business skills and hard work. He is married to Priya Dagar, a celebrated environmentalist and a policy advisor at the Embassy of the Kingdom of the Netherlands. The happy couple is parents to two beautiful daughters. Aman Gupta's net worth is estimated at Rs 720 crores as of 2024, which primarily comes from boAt's massive success and his calculated investments. Aman Gupta's house and car collection Aman is the proud owner of a luxurious bungalow in Delhi, which is a reflection of his enormous fortune. One of his houses in South Delhi costs Rs 15 crore. He also owns a luxurious 7,200-square-foot apartment in Gurugram. The 43-year-old is a gearhead who owns multiple high-end cars in his collection. He owns the BMW 7 series, which costs over Rs 1 crore, and the BMW X1, priced at Rs 40 lakh. Aman takes pride in the fact that an Indian-made company has successfully broken into the international market and that his journey has inspired many youngsters to embark on entrepreneurial journeys of their own. He recalled how many people tried to demotivate him when he wanted to launch his startup, but he paid no heed to such comments. BoAt had a rather humble beginning in a small cafe in Hauz Khas Village. Today, Aman Gupta and BoAt encourage future entrepreneurs to believe in their vision and to continue to hustle despite the setbacks. Disclaimer: All amounts mentioned in the article are sourced from public platforms. In some cases, celebrities or their teams give their inputs too, which we incorporate if provided by them. We take all efforts to share possible accurate numbers, however unless otherwise mentioned they are all approximates. We are open to feedback and suggestions on editorial@
India Gazette
an hour ago
- India Gazette
"India has achieved 51.5 GW wind capacity, 150% growth in a decade": Union Minister Pralhad Joshi
Bengaluru (Karnataka) [India], June 15 (ANI): Union Consumer Affairs and Renewable Energy Minister Pralhad Joshi on Sunday said that India has achieved 51.5 GW wind energy capacity, 150 per cent growth in a decade and is now exporting turbines and components globally. He said this progress reflects the 'visionary leadership' of Prime Minister Narendra Modi, who has made 'clean energy a core pillar of #AatmanirbharBharat.' 'India has achieved 51.5 GW wind capacity, 150% growth in a decade and is now exporting turbines and components globally. We are moving steadily towards the 100 GW wind target by 2030, including 30 GW from offshore projects, backed by strong policy reforms and a robust manufacturing ecosystem,' Joshi said in a post on X, on the occasion of Global Wind Day today. In another post on X, he said, 'On this Global Wind Day, let's celebrate the power of wind driving India's clean energy growth. With 51.5 GW capacity and rising, we are moving towards an #AatmanirbharBharat powered by innovation, green technology and sustainable progress. #GlobalWindDay.' He said that India is the fourth-largest wind power capacity in the world, while it is the third-largest renewable energy producer. Addressing the Global Wind Day celebrations in Bengaluru, the Minister also India is going to become the 'manufacturing hub of the world.' 'India is going to become the manufacturing hub of the world, and we will be competing with many of our neighbours, including Vietnam and China. So when we want to compete there, the basic thing we need is power. So in this power, we need renewable energy and conventional energy also, but we need more renewable power,' Joshi said. Highlighting policy changes, the Union Minister stated that renewable energy, especially solar energy, was just 0.242 gigawatts in 2014, and today the country has the capability of 110 gigawatts of renewable energy in just 10 years. 'Of course, policy changes were made by the government. In 2014, our renewable energy, especially in solar, was just 0.242 gigawatts. Today, we have 110 gigawatts of renewable energy in just 10 years. Like that, it was some 21, 22 gigawatts of wind power. Today we are 51 gigawatts. But you are the people who are sitting in front of me, and because of the policies of the government, because of the encouragement from the government, with the cooperation of the state and Centre, we have been able to achieve 51 gigawatts today,' he said. Joshi said that the government approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore, including an outlay of Rs 6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu) The Minister added that this year's renewable energy budget has gone up by 53 per cent to 26,549 crore, with the large share directed to the wind. Inviting states to contribute to the energy transition, the Minister asserted, 'States must lead this transition, land availability, transition delays, transmission delays, and how to be addressed very, very expeditiously. This is not the time for hesitation; it is the time for the execution.' The Minister said that the government is backing the sector, which was demonstrated in this year's union budget. (ANI)
India Gazette
an hour ago
- India Gazette
Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh
Leh (Ladakh) [India], June 15 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, virtually inaugurated several development projects on Sunday in Leh, Ladakh, during her four-day visit to the Union Territory. The Ministry of Finance said this reaffirms the Government of India's commitment to inclusive growth and infrastructure development in the Union Territory of Ladakh. The Union Finance Minister also interacted with the officials of the Union Territory administration. On the second day of her visit, she addressed an audience during the Credit Outreach Programme in Leh and handed over sanction letters from banks to beneficiaries under various Central Government schemes. During the Credit Outreach, loans worth Rs 5.13 crore were disbursed to beneficiaries under different schemes, including PM MUDRA, PM Vishwakarma, PMEGP, PM Micro Food Processing Enterprises Scheme (PM FME), and Joint Liability Group (JLG) loans. The Union minister also visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. Sitharaman interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. She appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and boosting rural livelihoods in the Union Territory. Minister Sitharaman interacted with Rinchen Dolma, a PM Mudra Scheme beneficiary, during her visit to an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. 'What a spectacular drive there is in her to use a government scheme and showcase what she has grown. Very well done,' the FM said. She encouraged Dolma to move into the next phase of the PM Mudra Scheme and scale up her business. Earlier on Saturday, Finance Minister Sitharaman interacted with Ladakh Lok Sabha MP Mohmad Haneefa. Former Ladakh Lok Sabh MP Jamyang Tsering Namgyal also called on the Union Finance Minister. A delegation of Executive Councillors of Ladakh Autonomous Hill Development Council, led by its Chairman/CEC Tashi Gyalson, called on the Union Finance Minister. On her first day of the four-day visit, Finance Minister Sitharaman visited Leh Palace in Leh. The 17th-century palace, standing on a steep mass of sandy rock hill, dominates the city built by the revered king Singe Namgyal. Finance Minister Sitharaman also visited the Shanti Stupa in Leh. The 14th Dalai Lama, Tenzin Gyatso, laid the foundation stone of the Ladakh Shanti Stupa on August 25, 1985 and on August 25, 1991, Thiksey Khenpo Rinpoche inaugurated it. (ANI)
