Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal
The Centre has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates.
During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, under both DCP (decentralised procurement) and non-DCP operations put together, against the revised Estimates of Rs 2,92,419.11 crore.
"This release of food subsidy is about 140% of the food subsidy released during 2020-21 and about 267 per cent of the food subsidy released during 2019-20," an official statement said.
The subsidy has been released for procurement operations under MSP (minimum support price) and seamless distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and National Food Security Act 2013 (NFSA).
In the last fiscal, the department spent 99.83 per cent of its expenditure by incurring Rs 3,04,361 crores against net .