Government hikes subsidy on DAP fertiliser by 140 per cent; farmers to get it at old rate of Rs 1,200/bag
The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi, according to a PMO statement.
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By PTI
NEW DELHI: In a major pro-farmer decision, the Centre on Wednesday hiked the subsidy on DAP fertiliser by 140 per cent, costing the exchequer an additional Rs 14,775 crore, in a bid to ensure the soil nutrient is available to farmers at old rates despite a sharp rise in global prices.
The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi, according to a PMO statement.