The State Cabinet on Tuesday gave nod to ‘Price Stabilisation Fund’ that will help to buffer impact of high inflation and rise in price of essential commodities on families falling in the category of Antyodaya and Priority Household. The Fund approved by the cabinet today will comprise equal share of the Centre and the State.
The proposal counts among 15 proposals which were approved by the State cabinet on Tuesday.
The Fund will be managed by a Committee set up under the Secretary of Food and Civil Supplies department, which will also look into timing of the intervention needed to offer commodities at affordable prices. The Fund would cushion impact of rise in price of tur daal (Red gram), onion, potato and other commodities that will be decided by the Committee. The Committee would also take a call about commodities that will be purchased besides, number and location of outlets to facilitate sale of commodities to the families of the two categories.