Centre extends PMGKAY free foodgrain scheme for another 5 years till 2029?
Goverment Scheme
Ahead of the 2024 general elections, the Union Cabinet on Wednesday gave its approval to extend the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free foodgrain scheme that benefits over 800 million people, for five years, starting from the new year. This will entail an estimated expenditure of Rs 11.80 trillion.The annual expenditure on the scheme is projected to be around Rs 2.4 trillion, assuming a monthly expenditure of nearly Rs 20,000 crore on a pro-rata basis. However, the additional subsidy burden for the last three months of the current financial year is expected to be just Rs 6,000 crore, according to government sources.
The scheme was set to expire at the end of this calendar year after several extensions.
Centre extends PMGKAY free foodgrain scheme for another 5 years till 2029
the additional subsidy burden for the last three months of the current financial year is expected to be just Rs 6,000 crore, according to government sources.
About PMGKAY free foodgrain scheme:
The Union Cabinet approved extension of the PM Garib Kalyan Anna Yojana (PMGKAY) for another five years from January 1, 2024.
____________________________
