Economics · Public Distribution System

Evaluate the following statements regarding the financial and structural aspects of India's food security policy: Statement I: The Food Subsidy component of the budget is the difference between the Economic Cost of Foodgrains and the Issue Price under the National Food Security Act (NFSA), 2013, and is borne by the Central Government. Statement II: The NFSA, 2013, legally entitles up to 75 per cent of the rural population and up to 50 per cent of the urban population to receive subsidized food grains under the Targeted Public Distribution System (TPDS). Statement III: A primary fiscal challenge is the increasing gap between the Minimum Support Price (MSP) offered to farmers and the Issue Price to consumers, which creates the large outgo as a subsidy. Statement IV: The implementation of Direct Benefit Transfer (DBT) in the Public Distribution System (PDS) has been fully implemented nationwide, completely eliminating all leakages. Which of the above statements are accurate?