Cabinet Approves Allocation Of Additional Foodgrains Under Pradhan Mantri Garib Kalyan Anna Yojana For Of Two Months

Image
Capital Market
Last Updated : May 05 2021 | 3:16 PM IST
The Cabinet, chaired by Prime Minister Narendra Modi, has given its ex-post facto approval to the allocation of additional foodgrain under Pradhan Mantri Garib Kalyan Anna Yojana Phase III- for another period of 2 months e. May to June, 2021 @ 5 kg per person per month free of cost for about 79.88 Crore beneficiaries covered under NFSA (AAY & PHH) including those covered under DBT. The State/UT-wise allocation in terms of wheat/rice shall be decided by the Department of Food & Public Distribution on the basis of existing allocation ratio under NFSA. Also, the Department of Food and Public Distribution may decide on the extension of the lifting/distribution period under PMGKAY as per operational requirements keeping in view partial and local lockdown situations, and also arising out of adverse weather conditions like monsoon, cyclones, supply chain and Covid-induced constraints etc. The total outgo in terms of food-grains may be approximately 80 LMT. The Cabinet approved the allocation of additional food-grain free of cost to approximately 79.88 Crore individuals under TPDS @ 5 Kg per person per month for two months i.e. May to June, 2021 would entail an estimated food subsidy of Rs. 25332.92 Crore taking the estimated Economic Cost of Rs. 36789.2/MT for rice and Rs. 25731.4/ MT for wheat.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 05 2021 | 3:01 PM IST

Next Story