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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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.
Good news for farmers! Centre hikes DAP fertiliser subsidy by 140%
Farmers will continue to get a DAP bag for Rs 1,200, despite a rise in the international prices of phosphoric acid and ammonia used in DAP. File photo (Reuters)
Updated: May 19, 2021, 09:43 PM IST
In a gift to farmers, the Narendra Modi-led Central government on Wednesday announced an increase in the subsidy for Di-Ammonium Phosphate (DAP) fertiliser by 140 per cent, from Rs 500 per bag to Rs 1,200 per bag.
The decision was taken in a high-level meeting chaired by the Prime Minister on the issue of fertiliser prices which are increasing due to the surge of rates of phosphoric acid and ammonia internationally.
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