November 27, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Cabinet approves extension of Pradhan Mantri Garib Kalyan Ann Yojana for another four months

New Delhi: The Union  Cabinet has approved the extension for  the  Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase V) by another 4 months to December 2021 till March 2022.

Pradhan Mantri Garib Kalyan Ann Yojana ensures 5 kg per person per month 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).

Phase-I and Phase-II of this scheme was operational from April to June, 2020 and July to November, 2020 respectively. Phase-III of the scheme was operational from May to June, 2021. Phase-IV of the scheme is currently operational for July-November, 2021 months.

The PMGKAY scheme for Phase V from December 2021 till March, 2022 would entail an estimated additional food subsidy of Rs. 53344.52 crore. The total outgo in terms of food-grains for PMGKAY Phase V is likely to be about 163 LMT.

It may be recalled that in the wake of economic disruptions caused by the unprecedented outbreak of COVID-19 in the country last year, the government in March 2020 had announced the distribution of additional free-of-cost foodgrains (Rice/Wheat) to about 80 Crore National Food Security Act (NFSA) beneficiaries at the scale of 5 Kg per person per month under the PM Garib Kalyan Anna Yojana (PM-GKAY), over and above the regular monthly NFSA foodgrains i.e., regular entitlements of their ration cards.

So far, under the PM-GKAY(phase I to IV) the Department had allocated a total of almost 600 LMT foodgrains to the States/UTs equivalent to about Rs. 2.07 Lakh Crore in food subsidy.

The distribution under PMGKAY-IV is presently ongoing, and as per the reports available from States/UTs so far,  93.8% foodgrains have been lifted and nearly 37.32 LMT (93.9% of July’21), 37.20 LMT (93.6% of Aug’21), 36.87 LMT (92.8% of Sept’21), 35.4 LMT (89% of Oct’21) and 17.9 LMT ( 45% of Nov’21) foodgrains have been distributed to about 74.64 Crore, 74.4 Crore, 73.75 Crore, 70.8 Crore and 35.8 crore beneficiaries respectively. 

Overall, the government will be incurring an expenditure of nearly Rs.2.60 lakh Crore in PMGKAY Phase I- V.

Live TV

#mute

Share This :