COMMODITY
Government to increase wheat allocation to beneficiaries under PMGKAY from October
Sep-19-2024

In a bid to stabilise prices, government has approved the additional 3.5 million tonne of wheat allocation to beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) from October onwards. This said increased allocation will continue until March 2025, potentially making efforts to restore the wheat-rice ratio under the scheme. 

In May 2022, the government reduced wheat allocation to 7.1 million tonne from 18.2 million tonne and increased the rice allocation under PMGKAY because of tight supplies due to lower domestic production. The government's procurement stands at 26.6 million tonne against the actual production of 112.9 million tonne last year.

PMGKAY, which covers 80 crore poor beneficiaries, provides 5 kg of free foodgrain per person monthly. This enhanced allocation aims to address issues faced by beneficiaries following the previous reduction in wheat supply.

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