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Soak the Rice, Cashew Nuts, and Raisins separately in water.
Make a coarse powder of half of the Black and half of the Green Cardamom.
Take Milk along with half of the water in a deep-bottom vessel and start cooking over a low flame.
Add Ghee, followed by whole Green and Black Cardamom, as well as a Bay leaf.
You need to cook until the milk reduces to ⅔.
Add Condensed milk and give a thorough mix.
Now add the soaked rice and cook over a low flame for 5-6 minutes by covering the vessel with a lid.
At this point, add half of the remaining water and mix with a ladle.
Now add the soaked Raisins and also the cashew nuts.
Keep cooking over the low flame until the rice is cooked properly.
Also, add the remaining hot water in between.
Once the rice is cooked properly, add Batasha as well as Sugar and give a mix.
From this point onwards, you need to stir more frequently. This is to avoid burning of the Payesh.
Once the Payesh reached the desired consistency, add powdered cardamom and also Camphor and lightly mix.
Switch the flame off.
Serve Chaler Payesh in room temperature or after refrigerating for an hour or so.