“Government will provide subsidy either through budgetary support or ask the FCI to raise money through bond sale or through cheaper loans from the National Small Savings Fund (NSSF) or other financial institutions under the sovereign guarantee,” said a government official, who did not wish to be identified.
The government pays a subsidy of about Rs 1.70 lakh crore annually for cheap grains to 810 million ration card holders under the National Food Security Act (NFSA), which offers poor people 5 kg foodgrains per person per month at highly subsidised rates.
Prime Minister Narendra Modi extended the PM Garib Kalyan Ann Yojana (PMGKAY) from the initial three months starting from April to eight months ending in November. The scheme provides for 5 kg of rice or wheat per month per person and 1kg of chana per month per family free of cost to NFSA beneficiaries over and above their regular entitlement through the public distribution system.
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7 Comments on this Story
ZEN DAHODI199 days ago
Modiji out of 125 crore Indians, more than 80 crores are poor need government food grains to stay alive? Are you fooling yourself telling the world that India has more than 60% poor hungry people? Forget about other desh-drohis and traitors you yourself and who ever is supporting you on this point are really anti-Indians, anti-nationals and anti-Hindus too. You are spoiling name of India and Indians telling the world that India is the worst country where more than 60% cannot have anything to eat; government has to provide food grains to them. Also the worst; what the government providing is almost 300 calories meal against minimum 1000 calories required to stay medically alive.
ZEN DAHODI199 days ago
As PM Modi has became famous lately as the second liar politician after Trump, Indians do not believe him like the US public to Trump only because the end results of Modijis financial, social or political schemes have been finally proved hollow and without any truth. The real fact is that he has failed to provide free food grains to 800 million Indians for the last 3 months as he has claimed. His own government’s figure proves that only 20% people have received free food grains. He has very bad habit of multiplying the number of his schemes only to fool the public but at the end he is getting fool. He always try his best to device some public welfare schemes without funding to divert the attention from his economical, political, social and CoVid-19 failure.
Kochar Bipin199 days ago
The Government must raise excise duties on petro-fuels to fund this expense.