Kerala Government to Provide Extra Rs 110 Crore to Supplyco for Market Interventions

The Kerala Finance Minister, KN Balagopal, announced that the government is planning to provide an extra Rs 110 crore to Supplyco for market intervention. This comes in addition to the previous allocation of Rs 70 crore. Furthermore, a special grant of Rs 30 crore has been given to KSRTC, and an additional Rs 40 crore is set to be allocated for giving Onam special allowances to employees. Approximately Rs 200 crore in outstanding payments to farmers for paddy procurement is yet to be settled, and efforts are being made to clear these dues before the Onam festival. An allocation of Rs 32 crore has been made for Onam kits, Rs 52 crore for school cooks, and support for Consumerfed’s Onam markets has also been approved. The subsidy for Janakeeya Hotels will remain unchanged. The Onam month is expected to incur an extra expense of Rs 8,000 crore compared to other months, bringing the total expenditure for August to around Rs 18,000 – 19,000 crore.

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