Economy, Banking and Finance · 6 November 2026
Uttar Pradesh targets 6.5 million tonnes of paddy procurement to channel ₹16,000 crore into rural economy
Exam-focused facts from the 6 November 2026 current affairs briefing.
Key facts
- Uttar Pradesh aims to procure 6.5 million tonnes of paddy by February 28, 2027 during the 2026-27 kharif marketing season, expected to infuse over ₹16,000 crore into the state's rural economy.
- The Centre has fixed the minimum support price (MSP) at ₹2,441 per quintal for common-grade paddy and ₹2,461 per quintal for Grade A, with an additional ₹20 per quintal towards unloading, sieving and cleaning charges.
- Chief Minister Yogi Adityanath directed officials to ensure payments to farmers within 48 hours through the direct benefit transfer (DBT) channel.
- Farmers will supply paddy at around 4,500 procurement centres set up by central and state government agencies, including the Food Corporation of India (FCI).
- Institutional procurement of paddy, wheat and sugarcane in Uttar Pradesh amounts to over ₹60,000 crore annually, and more than 3.7 million farmers have benefitted from paddy procurement over the past four years.
- Procurement centres, rice mills and FCI warehouses and depots in the state have been geo-tagged to ensure transparency during the kharif marketing season.