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Stop PMGKAY, Release Food Grains to the Open Market -Siraj Hussain

-TheWire.in

Prudence demands that allocations under PMGKAY are not extended beyond December 2022 and food grains are released in the open market.

How important is professional advice to the government? This question crops up from time to time as the capability of government to deliver high growth of 7-8% per annum is challenged. The question will be answered in two weeks from now.

Dr Ramesh Chand, member, Niti Ayog and one of the most respected agriculture economists, has said that there is no justification for extending the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) beyond December 2022. He has rightly argued that the government should instead release 40 lakh tonnes of food grains in the open market to tame inflation in cereals. The allocation for the Open Market Sale Scheme this year is only about 9 lakh tonnes.

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