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Government provides subsidy to ensure adequate availability of fertilizers at affordable prices to the farmers

By tripuranewslive
03/08/2024
Government provides subsidy to ensure adequate availability of fertilizers at affordable prices to the farmers

The Government provides subsidy to ensure adequate availability of fertilizers at affordable prices to the farmers. Under ‘DBT in Fertilizers’ system, 100% subsidy on various fertilizer grades is released to the fertilizer companies, on actual sales to the beneficiaries based on Aadhar authentication through POS devices installed at each retail shop. The details of subsidy provided from 2019-20 to 2024-25 (as on 22.07.2024) is available and is as below:

Year

Amount (Rs. in Crores)

2019-20

83466.51

2020-21

131229.5

2021-22

157640.1

2022-23

254798.9

2023-24

195420.51

2024-25 (as on 22.07.24)

36993.39

The Indian Council of Agriculture & Research (ICAR) informed that to ensure nutrient rich fertilizers use soil test based balanced and integrated nutrient management practices through balanced and integrated nutrient management practices through conjunctive use of both inorganic and organic sources (compost, bio-fertilizers, green manure etc.), split application and placement of nitrogenous fertilizers, use of slow releasing N-fertilizers, nitrification inhibitors and use of neem coated urea etc. is recommended. To ensure balanced use of fertilizer, the Government of India through various schemes viz. Indigenous P&K, Imported P&K, Indigenous Urea and Imported Urea provides nutrient rich subsidized fertilizers to the farmers.  Further, the Government has approved the Market Development Assistance (MDA) @ Rs. 1500/MT to promote organic fertilizers.

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