Paddy farmers in distress as Supplyco fails to distribute money

Representative image | Photo: Mathrubhumi

Kottayam: The paddy farmers are left in the lurch as they didn’t receive their payment for paddy from the government. It is reported that Supplyco failed to transfer the payment for paddy procurement directly to the bank accounts of the farmers.

The finance department has returned the cheque given by Supplyco to the treasury. Sources close to Supplyco revealed that the cheque was rejected as the finance department didn’t sanction the direct payment to farmers through their bank accounts.

As many as 89,835 farmers in different districts have been waiting for over a month for the money. The Supplyco has to settle an arrear of about Rs 48.04 crore with regard to the 17,000-tonne paddy that was procured.

The government has directed to form a consortium to disburse the money to the farmers. Currently, Rs 180 crore is available in the account of the Supplyco paddy procurement wing. The Supplyco had completed all the procedures to pay the farmers.

On the other day, Supplyco officials discussed the matter with the finance department. The department assured that the approval for the fund transfer would be given soon.

Supplyco MD Sanjeev Patjoshi said that they have completed all the procedures. He said the money would be distributed as soon as the technical procedures are completed.

Add Comment
Related Topics

Get daily updates from

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.