RBI extends CCL limit for procurement

Chandigarh, November 13

The Reserve Bank of India (RBI) today enhanced the Cash Credit Limit (CCL) to Rs 44,028 crore to the Punjab Government till November-end for the paddy procurement season for the second time.

Notably, during the current kharif marketing season, the procurement has crossed the last year’s 150.46-LMT mark. As much as 191.72 LMT paddy has been bought till date, thereby registering an increase of 27 per cent.

With the RBI extending the CCL by Rs 8,475.39 crore, the sanctioned limit has risen from Rs 35,552.61 crore to Rs 44,028 crore, according to an official spokesperson. — TNS