Summary:
(Representational Image)Punjab’s wait for Cash Credit Limit (CCL) for wheat procurement season has finally ended with Reserve Bank of India (RBI) clearing a sum of Rs 18,124.85 crore on Tuesday. The state had sought an amount of Rs 21179.60 crore for the purchase of 130 lakh tonnes of wheat. (Representational Image) The Centre had also put a precondition that the state should first square off its CCL account by clearing the pending dues of Rs 950 crore. The Centre had also put a precondition that the state should first square off its CCL account by clearing the pending dues of Rs 950 crore. The release added that CM’s personal intervention in the 2017 Rabi season had led to the RBI enhancing the CCL for the state to Rs 20,683 crore from the previously sanctioned amount of Rs 17,994.21 crore..