The authorities’s meals subsidy is predicted to be a little less than Rs 4 lakh crore in the monetary 12 months 2021-22 as in opposition to Rs 5.29 lakh crore in the earlier fiscal, Food Secretary Sudhansu Pandey mentioned on Thursday.
“We expect little less than Rs 4 lakh crore meals subsidy this 12 months,” Pandey mentioned throughout a digital press briefing.
About Rs 2.25 lakh crore meals subsidy is estimated for procurement and distribution of foodgrains below the National Food Security Act (NFSA) and an extra Rs 1.47 lakh crore has been incurred for implementing the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), he mentioned.
Under NFSA, the central authorities presently provides extremely subsidised foodgrains at Rs 1-3 per kg to over 81 crore folks via the general public distribution system (PDS).
Over and above the subsidised foodgrains, the federal government in the course of the pandemic can be supplying free foodgrains to NFSA beneficiaries below the PMGKAY. This scheme has been prolonged a number of occasions and is now legitimate until March 2022.
During the 2020-21 fiscal, the federal government meals subsidy stood at Rs 5.29 lakh crore, one other Food Ministry official mentioned in the course of the digital press convention.
The secretary additionally mentioned the 12 months 2021 was “a unprecedented 12 months” for a lot of causes as the federal government made extraordinary efforts that had been unprecedented in nature amid the pandemic circumstances.
One is that state-owned FCI undertook main transformation modifications and there has additionally been 62 per cent progress in the ethanol mixing program this 12 months. Ethanol mixing with petrol elevated from 5 per cent to 8.1 per cent in one 12 months, the very best ever, he mentioned.
Under the ‘One Nation, One Ration Card’ (ONORC), there was over 50 crore moveable transactions, which delivered extra than Rs 33,000 crore subsidy via foodgrains.
“You will be completely happy to know that in the course of the pandemic interval alone, over 43 crore transactions have occurred with delivered meals subsidies of a little over Rs 29,000 crore. This is outstanding,” he mentioned.
In the present month alone, inter-state transactions have crossed 2 lakh and Delhi alone has clocked 1.5 lakh transactions.
“Delhi which began very late however is registering one of many highest numbers of inter-state moveable transactions via ONORC,” he mentioned.
During the 12 months, the Secretary mentioned that PMGKAY has additionally been an distinctive programme below which foodgrains supply has been in the vary of virtually 93 per cent, which has supplied much-needed succour to the poor throughout the nation.
(Only the headline and movie of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
Business Standard has all the time strived exhausting to present up-to-date data and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how to enhance our providing have solely made our resolve and dedication to these beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.
As we battle the financial impression of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your assist via extra subscriptions might help us practise the journalism to which we’re dedicated.
Support high quality journalism and subscribe to Business Standard.