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The State-owned Kerala State Civil Supplies Corporation (Supplyco) is likely to procure 6 lakh tonnes of paddy from farmers in the State during 2014-15.
The figures were 5 lakh tonnes in 2013-14 and 3.6 lakh tonnes in 2012-13. The total procurement saw an increase of about 40 per cent in 2013-14, Lakshman Gugulloth, Managing Director of the company, said.
The corporation will disburse ₹150 crore to paddy farmers this week. With this, payment for the Paddy Receipt Sheet (PRS) up to March 31 will be completed in all the districts. An amount of ₹125 crore was paid to paddy farmers towards the cost of paddy during February and March this year, he said.
About 3.2 lakh tonnes of paddy has been procured by Supplyco from about one lakh paddy farmers of the State so far during the 2013-14. It is expected that about 80,000 tonnes will be procured during May.
The Corporation, which has over 1,200 retail outlets, is targeting a sales turnover of ₹5,000 crore this financial year against ₹3,415 crore in the last fiscal, he said.
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