Direct payment of crop procurements to Farmers’ bank accounts: FCI

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The Food Corporation of India on Monday (08 March 2021) announced that the payments for the crop procurements will be directly transfered to Farmers’ bank account from now. 

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 Till now, the payments were being credited to the accounts of the commission agents [Arthiyas], who further transferred the money to the farmers’ account, keeping their 2.5% commission. From now onwards the commission will be credited to the agents’ accounts and the balance amount in the farmers’ accounts directly. Ensuring no loss to both entities.

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