RBI to release Rs 100 crore for payment to milk producers in Gujarat

Gandhinagar: In response to representation made by the state government, the Reserve bank of India has decided to release the amount of Rs 100 crore for payment to milk producers in Gujarat via district cooperative banks.

Payment to cooperatives and milk producers who are members of such cooperatives will be made through branches of district cooperative banks.

Due to lack of new currency in district cooperative banks, payment was on halt to milk producers for last many days.

In cooperative structure of Gujarat which is based on Amul pattern, milk producers who are members of milk cooperatives supply milk to district cooperatives for which payment is made in seven or ten days through district cooperative milk producers federation via bank.

DeshGujarat