SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Centre procures 606.19 lakh tonne of paddy in ongoing 2021-22 marketing season so far: Food Ministry

25 Jan 2022 Evaluate

The Union Food Ministry has said the Centre has procured 606.19 lakh tonne of paddy in the ongoing 2021-22 marketing season so far, with maximum quantities being purchased from Punjab. Till now, about 77 lakh farmers have been benefited with the minimum support price (MSP) value of Rs 1,18,812.56 crore. The paddy marketing season begins from October and runs through September.

Of the total procurement, 186.85 lakh tonne of paddy has been procured from Punjab, followed by 82.62 lakh tonne from Chhattisgarh, 69.08 lakh tonne from Telangana, 55.30 lakh tonne from Haryana and 56.49 lakh tonne from Uttar Pradesh till January 23 of the ongoing marketing season.

During the 2020-21 marketing season, the government procured 895.83 lakh tonne of paddy at a MSP value of Rs 1,69,133.26 crore. The government undertakes procurement operations through state-run Food Corporation of India (FCI) as well as state agencies.

The government buys largely paddy and wheat to protect farmers with MSP as well as use the procured grains for distribution through ration shops to poor beneficiaries registered under the National Food Security Act at highly subsidized rates.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×