India International Times Latest Business News from India
Key Points:
- Free good grains at 5 kg per person per month for all the beneficiaries of NFSA will be continued till December, 2022.
- PMGKAY has so far had an estimated subsidy of Rs 3.45 lakh crore in six phases.
- Phase VII of PMGKAY from Oct to Dec entails an estimated subsidy of Rs. 44,762 Crore.
- The total outgo of foodgrains in Phase VII is expected to 122 LMT.
- Decision will ensure that poor and vulnerable sections of society are supported for the forthcoming major festivals.
In pursuance of the pro-people announcement made by Hon’ble Prime Minister in 2021and successful implementation of additional food security under PMGKAY, the Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further period of 3 months i.e. October to December 2022.
At a time when the world is battling with the effects of Covid on its decline and insecurity due to various reasons, India has been successfully maintaining food security for its vulnerable sections while taking necessary steps to keep availability and affordability for common man.
Recognising that people have gone through a difficult period of pandemic, Govt has decided to extend PMGKAY for a period of three months so that poor and vulnerable sections of society are supported for the forthcoming major festivals like Navratri, Dussehra, Milad-un-nabi, Deepawali, Chhath pooja, Gurunanak dev Jayanti, Christmas, etc. which they can celebrate with great gaiety and community for festivities. With a view to ensuring this, Govt. has approved this extension of PMGKAY for three months, so that they continue to enjoy the benefits of easy availability of foodgrains without any financial distress.
Under this welfare scheme, 5 kg of food grain per person per month is provided free of cost for all the beneficiaries covered under the National Food Security Act (NFSA) [Antodaya Anna Yojana & Priority Households] including those covered under Direct Benefit Transfer (DBT).
Financial implication for the Government of India has been about Rs. 3.45 Lakh Crore upto Phase-VI of PMGKAY. With the additional expenditure of about Rs. 44,762 Crore for Phase-VII of this scheme, the overall expenditure of PMGKAY will be about Rs. 3.91 lakh crore for all the phases.
Rice/Ians
The total outgo in terms of food grains for PMGKAY Phase VII is likely to be about 122 LMT. The aggregate allocation of food grain for phases I- VII is about 1121 LMT.
So far, PMGKAY has been in operation for 25 months as under
- Phase I and II ( 8 months) : April’20 to Nov.’20
- Phase-III to V (11 months) : May’21 to March’22
- Phase-VI ( 6 months) : April’22 to Sept.’22
PM Garib Kalyan Anna Yojana (PM-GKAY), started during difficult time of COVID-19 crisis, has provided food security to the poor, needy and the vulnerable households/beneficiaries so that they do not suffer on account of non-availability of adequate foodgrains. Effectively it has doubled the quantity of monthly foodgrains entitlements being normally delivered to beneficiaries.
Going by the experience of earlier phases, the performance of PMGKAY-VII is expected to be on the same high level as achieved before.
