The Centres has reduced its subsidy layout for the food, fertiliser and fuel. The fertiliser subsidy was fixed at Rs 164,000 crore, down 13.18 per cent from the revised estimate, the food subsidy was pegged at Rs 205,250 crore which was 3.34 per cent lower than the revised estimate and the fuel subsidy was estimated at Rs 11,925 crore, which was 2.57 per cent less than the revised estimate.
The entire food subsidy has now been consolidated under the Pradhan Mantri Gareeb Kalyan Anna Yojana (PMGKAY). Under this scheme, the central government will provide five kilograms of free wheat or rice to all eligible people every month for the next five years. Food and fertiliser subsidies in the interim budget accounted for about 8 per cent of India’s total spending of Rs 47.66 lakh crore during the fiscal year that ends on March 31, 2025.
Presentation- Dibyabharati Nayak
