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Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) extension to cost 90,000 crore

Published on July 18, 2022
Current Context: Extension of PMGKAY from October-March FY23 with current grain composition will cost Rs 90,000 crore.
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) extension to cost 90,000 crore
  • Rice stocks are likely to fall below the buffer norm by 2.2 million tonnes (MT) or 16% if PMGKAY (The free ration scheme) is extended to the whole of the second half of the current financial year.
  • The expenditure department of the finance ministry had expressed concern over the high budgetary cost of PMGKAY and is against extending the scheme beyond September.
  • PMGKAY was launched in 2020 as part of covid-19 relief measure, 5 Kg of grains are distributed for free to more than 800 million beneficiaries.
  • Static Knowledge:
    • Union minister for agriculture and farmer welfare - Narendra Singh Tomar
    • Union minister for food processing industries - Pashupati Kumar Paras

Question:

Q.1 Extension of Pradhan Mantri Garib Kalyan Anna Yojana(PMGKAY) will cost Rs _________.
a. 80,000 crore
b. 70,000 crore
c. 90,000 crore
d. 50,000 crore
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