The Union Cabinet has announced an extension of Pradhan Mantri Garib Kalyan Anna Yojana PMGKAY by three months from the end of September 30. The extension will be in place from October to December. The decision was taken during the cabinet meeting today.
Phase VII has an estimated subsidy of Rs 44,762 crore. The government said the total outgo of food grains is estimated to be 122 MT. Around 80 crore people are expected to benefit from this, according to the government.
The PMGKAY scheme will cost the government additional Rs 80,000 crore by the end of the month, putting the government's estimated expenditure at Rs 2.5 lakh crore for this financial year, a finance ministry official said.