Powered by: Motilal Oswal
27/02/2021 12:24:55 PM | Source: IANS
`Rs 4,800 cr food subsidy to be released to Chhattisgarh soon`
News By Tags | #874 #3456 #139 #3972
`Rs 4,800 cr food subsidy to be released to Chhattisgarh soon`

Union Minister for Consumer Affairs, Food and Public Distribution, Railways and Commerce and Industry on Friday held a meeting with Chhattisgarh Chief Minister and told him that Centre will soon release Rs 4,800 crore of food subsidy.

According to a statement issued by the Ministry of Consumer Affairs, Food & Public Distribution, the procurement operations for the Central Pool including quantity to be procured is based on the MoU signed between Food Corporation of India and Chhattisgarh government.

Acceptane of 40 lakh MT of surplus rice in Chhattisgarh during 2020-21 was also discussed in the meeting.

As per the MoU, if any state gives bonus/financial incentive in direct or indirect form, over and above the MSP and if the overall procurement of the state is in excess of the total allocation to the state made by Union government under TPDS/Other Welfare Schemes, such excess quantity will be treated outside the Central Pool and will not be taken over by FCI.

On the issue of shortage of gunny bags, Union government has already permitted state government to utilize used jute bags for procurement of paddy as well as delivery of rice for the Central Pool stocks to be consumed within the state for PDS/OWS.

This permission was given in the month of October 2020, right at the inception of KMS 20-21.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here