: Govt approves allocation of additional food grain under PMGKY #FinanceIndia #StockMarketNEWS Govt approves allocation of additional food grain under PMGKY New Delhi, Jun 24 (KNN) The Union Cabinet,

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Govt approves allocation of additional food grain under PMGKY #FinanceIndia #StockMarketNEWS
Govt approves allocation of additional food grain under PMGKY New Delhi, Jun 24 (KNN) The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved allocation of additional food grain under the Pradhan Mantri Garib Kalyan Yojana (Phase IV) for another period of five months from July to November 2021.

A decision in this regard was taken at a meeting of the Union Cabinet on Wednesday, which was chaired by Prime Minister Narendra Modi.

“Free of cost food grains at 5 kg per person per month will be given to a maximum of 81.35 crore beneficiaries, who are covered under the National Food Security Act (NFSA) (Antyodaya Anna Yojana and Priority Households), including those covered under Direct Benefit Transfer (DBT),” said an official statement.

According to the statement, the sanction of the additional food grain would entail an estimated food subsidy of Rs 64,031 crore.

An additional allocation of 5 kg of food grains (Wheat or Rice), free of cost, involving a total quantity of around 204 LMT of food grains for a period of further 5 months will be provided to around 80 crore NFSA beneficiaries with an estimated financial implication of up to Rs 67,266 crore. This additional free of cost allocation of food grains will be over and above the regular monthly food grains allocated for beneficiaries covered under the NFSA. The entire cost of this additional allocation under PM-GKAY, including the expenditure on intra state transportation, dealers’ margin etc., will be borne by Government of India without any sharing by States/UTs, it added.

In 2021, owing to the on-going severe COVID-19 pandemic across the country and the economic disruptions in its wake, Government of India had announced to implement the “Pradhan Mantri Garib Kalyan Anna Yojana” (PM-GKAY) for a period of two months i.e., May 2021 and June 2021 at an estimated expenditure of about Rs. 26,602 Crore, on the same lines as PMGKAY 2020.

A total allocation of over 79 LMT of food grains was done for the purpose. Under PM-GKAY 2021 (May – June 2021), so far, more than 76 lakh MT Food grains, i.e., more than 96 per cent of the allocated food grain have been lifted by States/UTs. Further, more than 35 Lakh MT food grains (i.e., around 90 per cent of monthly allocation) have been distributed by States/UTs for May 2021and more than 23 Lakh MT food grains (i.e., around 59% of monthly allocation) have been distributed for June 2021.

Around 80 crore NFSA beneficiaries are receiving 5 Kg additional free-of-cost food grains (wheat or rice) for the months of May 2021 and June, 2021.