Page 286 - economic_survey_2021-2022

260 Economic Survey 2021-22

Figure 27: Sale of Wheat and Rice Sold under OMSS (D)
during the Last Five Years (Quantity in LMT)

Source: Based on data received from DFPD.
* upto 3rd weekly e-auction of January, 2022
Food Subsidy

7.68 The difference between the per quintal economic cost and the per quintal Central Issue
Price (CIP) gives the quantum of per quintal food subsidy. The economic cost of wheat has
increased from Rs 1908.32 per quintal in 2013-14 to ₹ 2993.80 per quintal in 2021-22. Similarly,
the economic cost of rice has increased from Rs 2615.51 per quintal in 2013-14 to ₹ 4293.79
per quintal in 2021-22. However, as a pro-poor measure, the CIPs for NFSA beneficiaries
have not been revised since the commencement of the NFSA. Measures are being taken by the
Government to improve the efficiency of food management to reduce the gap between economic
cost and CIP. A trend in food subsidy bill may be seen in Figure 28.

Figure 28: Food Subsidy (in ₹ thousand crore) and Annual Growth in Food Subsidy (in per cent)

Source: Based on data received from DFPD.
*Includes NSSF loan of ₹ 25000 crore to FCI. ** Includes National Small Savings Fund (NSSF)
loan of ₹ 40000 crore to FCI. ***Includes NSSF loan of ₹ 70000 crore to FCI. # ₹ 11436
crore has been reimbursed to DCP State from unutilized NSSF Loan sanctioned to FCI as per
instruction of MoF in the FY 2019-20. Out of ₹ 11436 crore, ₹ 10000 crore has been repaid to
FCI. & As on 18.01.2022.