State govt allocates 100 crore to Supplyco

T'puram: State govt has allocated Rs 100 crore to Supplyco to help control the prices of essential goods during the Vishu and Ramzan seasons, said finance minister KN Balagopal on Thursday.
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.
Last year, extra funds were also provided beyond the budgeted Rs 205 crore, bringing the total allocation to Rs 391 crore, the release added.
Supplyco, a state govt agency, stabilizes market prices by supplying essential goods at affordable rates. PTI