Indian Economy News

Centre extends Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another three months (October-December 2022)

In response to Prime Minister Mr. Narendra Modi’s pro-people announcement in 2021 and the successful implementation of additional food security under PMGKAY, the Union Cabinet has approved the extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further three months, from October-December 2022.

At a time when the rest of the globe is grappling with the impacts of Covid on its decline and insecurity for a variety of causes, India has effectively maintained food security for its vulnerable parts while taking the essential steps to keep availability and affordability for the average man.

Under this welfare scheme, all beneficiaries covered by the National Food Security Act (NFSA) [Antodaya Anna Yojana & Priority Households], including those covered by Direct Benefit Transfer (DBT), receive 5 kg of food grain per person every month free of charge. Up to Phase-VI of PMGKAY, the financial implications for the Government of India have been about Rs. 3.45 lakh crore (US$ 42.22 billion). With an extra expenditure of around Rs. 44,762 crore (US$ 5.47 billion) for Phase-VII of this plan, the total expenditure of PMGKAY for all phases will be approximately Rs. 3.91 lakh crore (US$ 47.85 billion). The entire grain outlay for PMGKAY Phase VII is expected to be around 122 LMT. The total food grain allowance for stages I-VII is approximately 1121 LMT.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.