What are the components of food subsidy? What are its benefits to the consumer ?
Himanshu KulshreshthaElite Author
Asked: April 20, 20242024-04-20T08:43:18+05:30
2024-04-20T08:43:18+05:30In: Food and Nutrition
What are the components of food subsidy? What are its benefits to the consumer ?
Share
Related Questions
- "Different types of supplementary feeding programmes have evolved over the years to combat malnutrition." Comment on the statement highlighting the ...
- Briefly explain the following: i. Products of a poultry farm ii. Government programme for cattle development iii. Role of ATMA
- What do you understand by a dairy enterprise? Explain briefly how Operation Flood has helped farmers in income generation.
- Differentiate between 'Capture fisheries' and 'Culture fisheries', highlighting their types and categories.
- What is a poultry enterprise ? List the Government schemes or programmes launched by the Government for poultry development.
- Give the objectives and the components of the National Agriculture Policy.
- Explain the non-product specific agricultural subsidy granted by the Government.
- Elaborate on the three distinct ration cards issued under the TPDS.
Food subsidy refers to the financial assistance provided by governments to reduce the cost of essential food items for consumers. The components of food subsidy typically include:
Procurement at Minimum Support Prices (MSP): Governments purchase food grains from farmers at MSP, which is often higher than market prices, to support agricultural incomes.
Storage and Transportation: Subsidies are allocated for the storage and transportation of food grains to ensure efficient distribution and minimize wastage.
Distribution through Public Distribution System (PDS): Subsidized food grains and essential commodities are distributed through PDS outlets (Fair Price Shops) to eligible households.
Benefits of food subsidy to the consumer include:
Affordability: Subsidized food prices make essential items like rice, wheat, and pulses more affordable for low-income households.
Food Security: Access to subsidized food through PDS ensures food security, especially for vulnerable populations.
Nutritional Support: Affordable access to staple foods promotes better nutrition and reduces malnutrition and hunger.
Socio-Economic Welfare: Food subsidy programs contribute to poverty alleviation and improve overall welfare by reducing the financial burden of food expenses on households.
Food subsidies play a critical role in ensuring food access and affordability, particularly for economically disadvantaged populations, contributing to improved public health and well-being.