Thiruvananthapuram: In a significant move to curb inflation and ensure affordable essential commodities during the upcoming Vishu and Ramadan seasons, the Kerala government has allocated ₹100 crore to the Kerala State Civil Supplies Corporation (Supplyco). With this latest funding, the total market intervention fund for the current financial year has now reached ₹489 crore.
Established in 1974, Supplyco plays a crucial role in regulating retail markets and controlling price fluctuations in Kerala. The additional allocation is expected to provide direct relief to consumers by offering essential commodities at a 35% reduced price through Supplyco outlets.
Last year, the government had initially earmarked ₹205 crore for similar interventions but ultimately spent ₹391 crore, reflecting the rising costs of market stabilization efforts.
This proactive step highlights the state government’s strong commitment to controlling inflation and ensuring food security for its citizens, particularly during major festive seasons when demand for essential goods surges.
