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Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]latest-news-updates/food-subsidy-increased-to-rs-115000-crore-24278.html"/> LATEST NEWS UPDATES | Food subsidy increased to Rs 1,15,000 crore | Im4change.org
Resource centre on India's rural distress
 
 

Food subsidy increased to Rs 1,15,000 crore

-Press Information Bureau (Ministry of Consumer Affairs, Food & Public Distribution)


The Government has increased the food subsidy to Rs 1,15,000 crore for financial year 2014-15, mainly for implementation of the National Food Security Act. It is Rs 23,000 crore more than the revised estimates of Rs 92,000 crore for 2013-14. Significant increase in the subsidy has been made to fulfill the Government's commitment to implement the National Food Security Act throughout the country.

Food subsidy seeks to meet the difference between the economic cost of foodgrains and their sales realisation at the Central Issue Price fixed under the public distribution system (PDS) and other welfare schemes.

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NCJ/rv
(Release ID :103787)