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Govt Hikes Subsidy On DAP Fertiliser By 140%; Farmers To Get It At Old Rate
The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi, according to a PMO statement.
PTI 19 May 2021, Last Updated at 8:48 pm
After urea, Di-ammonium Phosphate (DAP) is the most widely used used fertiliser in the country. PTI 2021-05-19T20:47:06+05:30 Govt Hikes Subsidy On DAP Fertiliser By 140%; Farmers To Get It At Old Rate outlookindia.com 2021-05-19T20:48:37+05:30
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.
Fertiliser Subsidy Hiked by 140%, PM s Office Says Historic Decision Fertiliser Subsidy Hiked by 140%, PM s Office Says Historic Decision Prime Minster Narendra Modi has said farmers should get fertilisers at old rates despite the international price rise. The welfare of farmers is at the core of government s efforts, the PM s office said in a statement.
Updated: May 19, 2021 9:51 pm IST
The PM s Office said the amount of subsidy per bag has never been increased so much at once .
New Delhi:
The Centre will offer a whopping 140 per cent increase in subsidy on fertiliser to offset the price rise in international market, Prime Minister Narendra Modi s office said today. The government will spend an additional Rs 14,775 crore towards this subsidy, pushing the total to around Rs 95,000 crore. Prime Minster Narendra Modi has said farmers should get fertilisers at old rates despite the international price rise… The welfare of farmers is at the core of government s effor
Government on Wednesday announced a historic pro-farmer decision by hiking fertiliser subsidy to Rs 1,200 per bag of DAP. PM Narendra Modi chaired a high level meeting on the issue of fertiliser prices. It was discussed that the price of fertilisers is undergoing an increase due to the rising prices of phosphoric acid, ammonia etc internationally. PM stressed that farmers should get fertilisers at old rates despite the international rise in prices. A historic decision was taken to increase the subsidy for DAP fertiliser from Rs 500 per bag to Rs 1,200 per bag, which is an increase of 140%, said Prime Minister s Office in a statement.