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Cabinet Clears Rs 28,655 Cr Subsidy On P&k Fertilizers For Rabi Season To Benefit Farmers

Summary

In view of the upcoming Rabi sowing season, the central government has taken a big decision to increase the fertilizer subsidy.

The central government has increased the subsidy on phosphate and potash based fertilizers. A total fertilizer subsidy of Rs 28,655 crore will be given so that farmers can get fertilizers at cheaper rates in the upcoming Rabi sowing season.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the rates of Nutrient Based Subsidy (NBS). These rates will be for the period from October 2021 to March 2022. Rabi season or winter sowing season starts from October itself.

According to the statement issued after the meeting, the rate of Nitrogen (N) subsidy per kg under NBS will be Rs 18.789, Phosphorous (P) Rs 45.323, Potash (K) Rs 10.116 and Sulfur (S) Rs 2.374 per kg. Thus, the total burden on this subsidy will be Rs 28,602 crore.

Additional Subsidy on DAP
Along with this, the government has also announced a special one time package on DAP. Under this, about Rs 5716 crore will be spent. A special one time package has also been given for the three most consuming fertilizers of NPK manure. In this, Rs 837 crore has been sanctioned for NPK 10-26-26, NPK 20-20-0-13, NPK 12-32-16.

The government has allocated Rs 79,600 crore for fertilizer subsidy in the budget for FY 2021-22. This figure may increase further due to additional subsidies being provided. In June also, the government had increased the subsidy for DAP and some other non-urea fertilisers by Rs 14,775 crore. The government on Tuesday said that with the additional subsidy, farmers would be able to make all phosphorous and potash based fertilizers easily available at affordable prices during the Rabi season 2021-22.

The central government is helping farmers by continuing with the existing subsidy and providing special packages of additional subsidy for DAP and three high consumption NPK fertilizers. The subsidy will be Rs 438 per bag on Di ammonium Phosphate (DAP) and Rs 100 per bag (50 kg) on ​​NPK 10-26-26, NPK 20-20-0-13 and NPK 12-32-16. In June, the government increased the subsidy on DAP by 140 per cent to Rs 1,200 per bag, so that farmers can get the vital fertilizer at cheaper rates, while its prices in the world market have gone up.

Amrit Yojana 2.0 extended till 2025-26
The Union Cabinet has extended the term of Atal Mission for Rejuvenation and Urban Transformation (AMRUT 2.0) till 2025-26. A total of Rs 2,77,000 crore will be spent on this scheme. The Centre’s share in this would be Rs 76,760 crore.

Expansion

The central government has increased the subsidy on phosphate and potash based fertilizers. A total fertilizer subsidy of Rs 28,655 crore will be given so that farmers can get fertilizers at cheaper rates in the upcoming Rabi sowing season.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the rates of Nutrient Based Subsidy (NBS). These rates will be for the period from October 2021 to March 2022. Rabi season or winter sowing season starts from October itself.

According to the statement issued after the meeting, the rate of Nitrogen (N) subsidy per kg under NBS will be Rs 18.789, Phosphorous (P) Rs 45.323, Potash (K) Rs 10.116 and Sulfur (S) Rs 2.374 per kg. Thus, the total burden on this subsidy will be Rs 28,602 crore.

Additional Subsidy on DAP

Along with this, the government has also announced a special one time package on DAP. Under this, about Rs 5716 crore will be spent. A special one time package has also been given for the three most consuming fertilizers of NPK manure. In this, Rs 837 crore has been sanctioned for NPK 10-26-26, NPK 20-20-0-13, NPK 12-32-16.

The government has allocated Rs 79,600 crore for fertilizer subsidy in the budget for FY 2021-22. This figure may increase further due to additional subsidies being provided. In June also, the government had increased the subsidy for DAP and some other non-urea fertilisers by Rs 14,775 crore. The government on Tuesday said that with the additional subsidy, farmers would be able to make all phosphorous and potash based fertilizers easily available at affordable prices during the Rabi season 2021-22.

The central government is helping farmers by continuing with the existing subsidy and providing special packages of additional subsidy for DAP and three high consumption NPK fertilizers. The subsidy will be Rs 438 per bag on Di ammonium Phosphate (DAP) and Rs 100 per bag (50 kg) on ​​NPK 10-26-26, NPK 20-20-0-13 and NPK 12-32-16. In June, the government increased the subsidy on DAP by 140 per cent to Rs 1,200 per bag, so that farmers can get the vital fertilizer at cheaper rates, while its prices in the world market have gone up.

Amrit Yojana 2.0 extended till 2025-26

The Union Cabinet has extended the term of Atal Mission for Rejuvenation and Urban Transformation (AMRUT 2.0) till 2025-26. A total of Rs 2,77,000 crore will be spent on this scheme. The Centre’s share in this would be Rs 76,760 crore.

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