Wednesday, Apr 13, 2005
Wednesday, Apr 13, 2005 |
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By Our Staff Reporter
KASARAGOD, APRIL 12. The Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) Limited is unable to continue procurement of arecanut from growers in the absence of a green signal from the State Government in this regard. CAMPCO had been procuring arecanut from growers in this part of the State since February but had to suspend it temporarily from March 15 following the delay in getting matching funds from the State Government. CAMPCO had been procuring arecanut at Rs.60 a kg, including a subsidy of Rs.10 from the State. The Government had released Rs.2 crores to CAMPCO as matching funds towards payment of subsidy to the growers in Kerala. Despite exhausting the funds in early March, CAMPCO continued to procure arecanut on the strength of an assurance given by the State Government to release more funds. However, CAMPCO was compelled to stop procuring nuts after the dues from the Government touched Rs.2.54 Crores. It was only recently that the State Government released Rs.3 crores to CAMPCO. But procurement will be possible only if the State Government gives its green signal.
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