The Centre's food subsidy expenses for FY25 may exceed ₹2.25 lakh crore, which is ₹13,000 crore more than the revised estimate (RE) for 2023-24 and ₹20,000 crore higher than the budget estimate (BE) for the current year, according to official sources.
The increased subsidy requirement is due to rising costs associated with maintaining a large stockpile of rice, along with an increase in the minimum support price (MSP) for wheat and rice.
The finance ministry has released over 75% of the budget estimate (BE) of ₹2.04 lakh crore for the current fiscal to the Food Corporation of India (FCI) and states that follow decentralised procurement systems, acting as intermediaries for the subsidy programme.
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