FCI’s food subsidy expenses likely to decline next fiscal, if PMGKAY is not extended

By Sandip DasFood subsidy expenses incurred by the Food Corporation of India (FCI) is likely to decline by around 42% to Rs 1.3 lakh crore in 2022-23 from around Rs 2.28 lakh crore anticipated in the current fiscal, if the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) is not extended beyond March 31, 2022.Under the PMGKAY, an additional foodgrain of 5 kg per person per month is being supplied to more than 80 crore beneficiaries free of cost, besides highly subsidised foodgrain supplies of sim