Kerala Government Sanctions Additional 50 Crore for Supplyco’s Market Intervention

Thiruvananthapuram: The state government has sanctioned an additional 50 crore rupees to the Kerala State Civil Supplies Corporation (Supplyco) to strengthen its market intervention activities, Finance Minister K. N. Balagopal announced.
The allocation aims to support efforts to stabilize the prices of essential commodities during the upcoming Christmas and New Year festive season. Earlier, as part of the Onam preparations, the entire 250 crore rupees earmarked in this year’s budget for Supplyco’s market operations had already been released. The latest sanction comes as an additional provision to further aid these activities.
Last year, although 250 crore rupees had been allocated in the budget for Supplyco’s market intervention, the government ended up disbursing a total of 489 crore rupees—239 crore rupees more than initially planned.
From 2011–12 to 2024–25, the state government has provided a cumulative 7,680 crore rupees to Supplyco for direct market interventions. Of this, only 410 crore rupees was granted during the previous UDF government’s five-year tenure, while the remaining 7,270 crore rupees was sanctioned under successive LDF administrations.