“The high procurement was significant in view of Covid-19 pandemic. Through procurement, the government injected money in the farm sector and helped farmers fight the pandemic,” said a senior food ministry official.
Higher procurement normally creates storage problems but free distribution of grains under the PM Garib Kalyan Ann Yojana (PMGKY) created enough space. Under the scheme, 810 million ration card holders get 5 kg rice or wheat per month and 1 kg chana per family per month free until November. This is over and above the National Food Security Act (NFSA), with which every card holder gets 5 kg per month of subsidised grain.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.