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Modi government has made a huge increase in DAP fertilizer subsidy

 


Modi government has made a huge increase in DAP fertilizer subsidy

The biggest good news for farmers 

140 per cent increase in subsidy on DAP fertilizer Farmers will now get a bag at Rs 1,200. Earlier, a bag was available at Rs 2,400.

The Center has announced a subsidy of Rs 1,200 per bag.

Prime Minister Modi called a high level meeting on fertilizer prices. The issue of fertilizer spirit was discussed in the meeting. At the meeting, the officials apprised the Prime Minister of all the issues related to fertilizer prices. During the meeting, the Prime Minister was informed that the prices of domestic fertilizers have gone up due to the sharp rise in the prices of phosphoric acid and ammonia acid in the international market.

After listening to the officials, the Prime Minister said that no matter how much the price of manure has gone up internationally, we have to give manure to our farmers at the old price.

How much subsidy will the farmers get now?

Farmers will now get a bag of DAP for Rs 1,200. Last year, a bag of DAP cost Rs 1,700 but with a central subsidy of Rs 500, farmers could get a bag for Rs 1,200. Farmers used to get a bag of DAP at Rs 1,900 as they used to get a subsidy of Rs 500 earlier.

How much burden will the government have on the exchequer from this subsidy?

The increase in fertilizer subsidy will put a burden of Rs 14,775 crore on the exchequer.

What did the Prime Minister say at the meeting?

At the meeting, the Prime Minister said that the government was committed to the welfare of the farmers and would take all necessary steps to ensure that no additional burden was imposed on the farmers. Modi said that no matter how much the price of manure has gone up internationally, we have to give manure to our farmers at the old price.

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