A first: Haryana farmers get 9% interest for delayed payment

Haryana Economy

Deputy Chief Minister Dushyant Chautala said after the sale of wheat crop, Rs 15,598 crore had been deposited directly to the bank accounts of farmers.
For the first time in the country, the Haryana Government made a provision under which 9 per cent interest was paid to the farmers if there was a delay in making payment. About Rs 77 lakh had been given to such farmers as interest.
Since June 1, the procurement of sunflower would commence in the state, for which seven mandis had been earmarked. So far, 8,283 farmers have registered on the portal to sell their sunflower crop. The state had fixed the MSP of Rs 5,885 per quintal for sunflower.
Giving information about the mustard crop, he said last time, more than 7 lakh MT of mustard was procured at the MSP but this time, it had been increased to Rs 4,650 per quintal. The state did not have to procure a single grain of mustard at the MSP, as farmers were paid Rs 7,275 per quintal in the market.