Question

“The Cabinet led by Prime Minister has decided that the Central Government will provide free food grains to 81.35 crore (approx.) beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from 1st January, 2024.” Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1980689

Based on the aforesaid statement, identify the budgetary objective the government is trying to achieve and choose the correct option:

Options

• Reallocation of resources

• Economic stability

• Redistribution of income

• Economic instability

Answer 1

Redistribution of income

Explanation:

• By providing free food grains to many beneficiaries under PMGKAY, the government aims to reduce inequality and support economically weaker sections.
• This initiative reflects the budgetary objective of redistributing income, ensuring essential resources reach vulnerable populations, and promoting social welfare.