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November 21, 2017

Paddy purchase tax limit increased from Rs. 10 crore to Rs. 50 crore in Madhya Pradesh


Farmers’ interests will be fully protected: Shivraj

Newsroom24x7 Desk

paddy riceBhopal, Jan. 18: Madhya Pradesh Government has taken the important decision to raise the tax liability limit on purchase of paddy from Rs. 10 crore to Rs. 50 crore to protct the interests of the farmers producing paddy.

Addressing a meeting with paddy traders at Mantralaya here yesterday, State Chief Minister Shivraj Singh Chouhan said that farmers will be benefited by the government’s decision to hike the tax liability limit. The traders were earlier required to pay tax on crossing the limit of Rs. 10 crore. Since this limit has now been raised to Rs. 50 crore, the offtake of paddy by traders is bound to increase.

The Chief Minister said that all impediments being put by vested interests to block Madhya Pradesh from getting the status of Basmati producing state will be removed. Prime Minister Narendra Modi has also been requested to accord status of paddy producing state to Madhya Pradesh, Mr. Chaouhan said.

The Chief Minister directed the concerned officials to make arrangements to keep the farmers informed about the rates of paddy. It is the responsibility of mandis to make arrangements and help the farmers in selling their stock of paddy, he emphasised.


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