New Delhi (ABC Live): The Government of India has increased the food subsidy to Rs 1,15,000 crore for financial year 2014-15, mainly for implementation of the National Food Security Act. It is Rs 23,000 crore more than the revised estimates of Rs 92,000 crore for 2013-14. Significant increase in the subsidy has been made to fulfill the Government’s commitment to implement the National Food Security Act throughout the country.
Food subsidy seeks to meet the difference between the economic cost of foodgrains and their sales realisation at the Central Issue Price fixed under the public distribution system (PDS) and other welfare schemes.
