What subsidies were announced by the Centre for summer crop fertilizers
Learn about the ₹24,420 crore subsidy declared by the Centre for summer crop fertilizers.
The Centre announced a subsidy of ₹24,420 crore for summer crop fertilizers, which includes urea, diammonium phosphate (DAP), and muriate of potash (MoP). The key points of the subsidy include:
- ₹14,775 crore allocated for urea subsidy, ensuring availability at a fixed MRP for farmers.
- ₹9,400 crore earmarked for DAP subsidy to maintain stable prices for farmers.
- ₹245 crore allotted for MoP subsidy to support balanced fertilization.
- The subsidy aims to reduce the financial burden on farmers and promote agricultural productivity during the summer cropping season.
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