India News | Kerala Govt Allocates Rs 100 Cr to Supplyco for Market Intervention

Thiruvananthapuram, Mar 20 (PTI) The Kerala government has allocated Rs 100 crore to Supplyco to help control the prices of essential goods during the Vishu and Ramadan seasons, State Finance Minister K N Balagopal said on Thursday.

Supplyco, a state government agency, stabilises market prices by supplying essential goods at affordable rates.

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Balagopal stated that Supplyco has received Rs 489 crore for market intervention thus far this financial year.

The initial budget allocation was Rs 205 crore, but an additional Rs 284 crore was granted, the minister said in a release.

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Last year, extra funds were also provided beyond the budgeted Rs 205 crore, bringing the total allocation to Rs 391 crore, the release added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)