Helping Farmers: Govt hikes DAP subsidy by 140% ; IFFCO hails decision
Farmers to get subsidy of Rs 1200 per bag of DAP instead of Rs 500
A historic decision was taken to increase the subsidy for DAP fertiliser at a high-level meeting chaired by PM Narendra Modi on the issue of DAP fertiliser on Wednesday.
With the PM stressing that farmers should get fertilisers at old rates despite the international rise in prices, the subsidy for DAP fertiliser was raised from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.
Thus, despite the rise in international market prices of DAP, it has been decided to continue selling it at the old price of Rs.1200 and the central government has decided to bear all the burden of price hike. The amount of subsidy per bag has never been increased so much in one fell swoop.