India's Food Subsidy Bill Set to Reach 2.03 Trillion Rupees in FY26

In a significant move to support India's food security program, the government is expected to allocate 2.03 trillion rupees for food subsidies in the upcoming fiscal year 2025-26. This allocation represents a slight decrease from the previous year's revised estimate of 2.05 trillion rupees. The food subsidy primarily funds the Pradhan Mantri Garib Kalyan Anna Yojana, which provides free food grains to over 800 million beneficiaries. Despite rising costs of grain procurement and storage, the government aims to maintain its commitment to food security while managing fiscal pressures.

Source: Reuters