{"id":162249,"date":"2024-02-14T12:29:28","date_gmt":"2024-02-14T06:59:28","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=162249"},"modified":"2024-02-14T12:29:28","modified_gmt":"2024-02-14T06:59:28","slug":"government-extends-pmgkay-scheme-for-5-more-years-to-cost-11-8-lakh-crore","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/government-extends-pmgkay-scheme-for-5-more-years-to-cost-11-8-lakh-crore\/","title":{"rendered":"Government Extends PMGKAY Scheme for 5 More Years, to Cost 11.8 Lakh Crore"},"content":{"rendered":"\n<p><p class=\"MsoNormal\"><span style=\"font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif; font-size: revert; color: initial;\"> <\/span>In preparation for the upcoming general elections in April-May, the Indian government, led by Prime Minister Narendra Modi, has announced a five-year extension of the\u00a0<b>Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme.<\/b>\u00a0This initiative aims to provide 5 kilograms of free foodgrains per month to 81.35 crore poor citizens, incurring a cost of approximately\u00a0<b>\u20b911.80 lakh crore<\/b>\u00a0for the exchequer.Scheme Extension Details:The  Cabinet, chaired by\u00a0Prime Minister Narendra Modi,\u00a0made the decision to extend PMGKAY in a meeting.<\/p>  <li class=\"MsoNormal\">Information and Broadcasting Minister\u00a0<b>Anurag Thakur<\/b>\u00a0revealed that the extension would be effective from January 1, 2024.<\/li>  <li class=\"MsoNormal\">The scheme, initially introduced in 2020 as a pandemic relief measure, was last extended until December 31, 2023.<\/li>  <li class=\"MsoNormal\">The decision to continue the scheme for five more years emphasizes the government\u2019s commitment to the welfare of beneficiaries and enhancing food  security.<\/li>  <p class=\"MsoNormal\">Financial Implications:The extension of PMGKAY is projected to cost the government around\u00a0<b>\u20b911.8  lakh crore over the next five years.<\/b><\/p>  <li class=\"MsoNormal\">The expenditure is aimed at ensuring accessibility, affordability, and availability of foodgrains for the targeted population.<\/li> Background and Previous Phases:<li class=\"MsoNormal\">PMGKAY was originally launched in 2020 to address the challenges posed by the  pandemic. It provided 5 kg of free foodgrains per beneficiary per month,  in addition to the subsidized foodgrain under the\u00a0<b>National Food  Security Act (NFSA).<\/b><\/li>  <li class=\"MsoNormal\">As of December 2022, PMGKAY was integrated into the NFSA, offering free ration for one year.<\/li>Significance of the Decision:<li class=\"MsoNormal\">The government describes the extension as a historic decision, reflecting its long-term commitment to addressing national food and nutrition security.<\/li>  <li class=\"MsoNormal\">The move is expected to alleviate financial hardships for the targeted population in a sustainable manner.<\/li>Distribution Mechanism:<li class=\"MsoNormal\">Free foodgrains will be distributed through a network of over 5 lakh fair price shops, all operating under a common logo.<\/li>  <li class=\"MsoNormal\">Beneficiaries can collect their entitled grains from any fair-price shop in the country,      aligning with the One Nation One Ration Card initiative.<\/li> Economic Impact and Ration Card Holder Benefits:<li class=\"MsoNormal\">The economic cost of providing 35 kg of rice and wheat to Antyodaya families under PMGKAY is borne by the central government, resulting in significant monthly savings for ration cardholders.<\/li>  <li class=\"MsoNormal\">This initiative ensures a long-term pricing strategy with zero cost to the beneficiaries, enhancing the effectiveness of the Public Distribution System.<\/li>  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In preparation for the upcoming general elections in April-May, the Indian government, led by Prime Minister Narendra Modi, has announced a five-year extension of the\u00a0Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme.\u00a0This initiative aims to provide 5 kilograms of free foodgrains per month to 81.35 crore poor citizens, incurring a cost of approximately\u00a0\u20b911.80 lakh crore\u00a0for [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":162250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5227],"tags":[1475,60],"class_list":["post-162249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-october-2023-current-affairs","tag-daily-current-affairs","tag-government-schemes-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/162249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=162249"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/162249\/revisions"}],"predecessor-version":[{"id":162251,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/162249\/revisions\/162251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/162250"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=162249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=162249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=162249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}