New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    States are allocated foodgrains at subsidised rates

    under the National Food Security Act, 2013 (NFSA) and other welfare schemes. Difference between Economic Cost and Central Issue Price (CIP) at which foodgrains are issued to states are reimbursed to ____________ as subsidy.
    A NABARD Correct Answer Incorrect Answer
    B SCABARD Correct Answer Incorrect Answer
    C State Govts. Correct Answer Incorrect Answer
    D FCI Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    States are allocated foodgrains at subsidised rates under the National Food Security Act, 2013 (NFSA) and other welfare schemes. Difference between Economic Cost and Central Issue Price (CIP) at which foodgrains are issued to states are reimbursed to Food Corporation of India (FCI) as subsidy. In case of states which have adopted Decentralised Procurement Scheme (DCP), food subsidy is released to states by Government of India for quantity of foodgrains procured and distributed by them under NFSA and other welfare schemes.

    Practice Next