India to roll out $20 billion food welfare plan by December | Reuters

India will roll out its multi-billion dollar food welfare plan by December, the food minister said, allowing 67 percent of its 1.2 billion people access to cheap rice and wheat.

Labourers unload sacks filled with wheat from a truck at the Punjab State Civil Supplies Corporation Limited (PUNSUP) godown at a wholesale grain market in Punjab, May 6, 2015. REUTERS/Ajay Verma/Files

The previous Congress-led government approved the National Food Security Act (NFSA) in August 2013. India’s 29 states and seven union territories had to implement it within a year.

After missing several deadlines, only 11 states could introduce the plan and the rest sought more time.

“Finally most states have agreed to implement the NFSA by December, after the latest deadline ends in September,” Ram Vilas Paswan told reporters after meeting his counterparts from states on Tuesday.

In his February budget, Finance Minister Arun Jaitley earmarked 1.24 trillion rupees ($20.11 billion) for food subsidies.

Although Prime Minister Narendra Modi is implementing the expensive food welfare plan approved by his predecessor Manmohan Singh, the government is now trying to rein in overall subsidies to focus on investment in manufacturing and infrastructure.

via India to roll out $20 billion food welfare plan by December | Reuters.

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One Comment to “India to roll out $20 billion food welfare plan by December | Reuters”

  1. India to roll out $20 billion food welfare plan by December ….is an interesting headline news!

    However, I would say it is an ambitious plan, but real test will be on implementation.
    Hope the Government deliver it successfully.

    Like

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