📷 Image: Wikimedia Commons / Original: Sachinghai09
Derivative work: Radomian
Agriculture
Uttar Pradesh to Inject ₹16,000 Crore into Rural Economy via Paddy Procurement
✍️ Business Standard
🗓 06 Nov 2026, 06:17 PM
👁 15
The Uttar Pradesh government has announced a paddy procurement scheme that will channel ₹16,000 crore into the state's rural economy, aiming to support farmers and boost agricultural markets.
The Uttar Pradesh government has launched a paddy procurement program that will inject ₹16,000 crore into the rural economy. The move is part of a broader strategy to support farmers and stabilize agricultural markets.
Under the scheme, the government will purchase paddy from farmers across Uttar Pradesh, with procurement volumes to be determined by the state agriculture department. The funds will be used to purchase the grain and pay farmers, thereby providing immediate cash flow.
The infusion is expected to boost rural incomes, support ancillary businesses such as transport and storage, and help maintain price stability in the market. The government has said that the procurement will be carried out through existing state procurement agencies.
Farmers across the state have welcomed the announcement, seeing it as a timely intervention to cushion them from price volatility and ensure a market for their produce.
The scheme will be implemented over the next few months, with the state government monitoring the procurement process to ensure transparency and timely payments.
Under the scheme, the government will purchase paddy from farmers across Uttar Pradesh, with procurement volumes to be determined by the state agriculture department. The funds will be used to purchase the grain and pay farmers, thereby providing immediate cash flow.
The infusion is expected to boost rural incomes, support ancillary businesses such as transport and storage, and help maintain price stability in the market. The government has said that the procurement will be carried out through existing state procurement agencies.
Farmers across the state have welcomed the announcement, seeing it as a timely intervention to cushion them from price volatility and ensure a market for their produce.
The scheme will be implemented over the next few months, with the state government monitoring the procurement process to ensure transparency and timely payments.