Kerala's Strategic Rs 100 Crore Allocation to Curb Essential Commodity Prices

The Kerala government has increased its budget allocation to the State Civil Supplies Corporation (Supplyco) by Rs 100 crore. This move aims to stabilize essential commodity prices and is part of broader market intervention efforts.

Finance Minister K N Balagopal emphasized that the additional Rs 100 crore would support initiatives to control rising prices, particularly in preparation for the Onam season. Already, Rs 250 crore was earmarked in this year's budget for such efforts.

In total, Rs 7,630 crore has been provided over 15 years to assist Supplyco's market interventions. However, only Rs 410 crore was allocated during the last UDF government, while the LDF governments have contributed Rs 7,220 crore.

(With inputs from agencies.)