Cupboard approves ₹3.7 trillion for fertilizer subsidy schemes

New Delhi: The Cupboard Committee on Financial Affairs (CCEA) on Wednesday authorised a bouquet of fertilizer schemes, together with  the Prime Minister’s PRANAM scheme, urea scheme, and natural manure scheme, to spice up wellbeing of farmers, rejuvenate soil productiveness, and guarantee meals safety and environmental sustainability with a complete allocation of 3.70 trillion.

Promotion of Alternate Vitamins for Agriculture Administration Yojana (PRANAM) goals to advertise balanced use of fertilizers together with bio-fertilizers.

The urea subsidy scheme, which has been prolonged for an additional three years until March 2025, goals to make sure fixed availability of urea to farmers on the similar value of 242/45 kg bag. The precise price of a bag comes round 2,200. This scheme, which entails a value of 3.68 trillion, can be wholly financed by the Centre by budgetary assist. 

This allocation is over and above the not too long ago authorised Nutrient Based mostly Subsidy phosphatic and potassic (P&Okay) fertilizers of 38,000 crore for 2023-24 Kharif season.

That CCEA, chaired by Prime Minister Narendra Modi, additionally authorised 1,451 crore subsidy to advertise natural manure, taking the full package deal to over 3.70 lakh crore.

“The farmers needn’t spend additional for buy of urea, and it will assist reasonable their enter prices,” Union minister Mansukh Mandaviya instructed reporters after the Cupboard assembly. “The continuation of Urea Subsidy scheme may also maximize indigenous manufacturing of Urea to succeed in self-sufficiency ranges.”

Mandaviya additionally mentioned that eight nano urea vegetation with manufacturing capability of 44 crore bottles of typical urea can be commissioned by 2025-26.  “Nano urea vegetation will scale back our present import dependency in urea and eventually make us self-sufficient by 2025- 26.”

Manufacturing of urea has elevated to 284,000 tonne in 2022-23 from 225,000 tonnes in 2014-15, to 250 lakh tonne throughout 2021-22.

Nano fertilizers launch vitamins in a managed method contributing to increased nutrient use effectivity and whereas costing much less to the farmers. Software of mano urea has demonstrated improve in crop yield, the minister added.

The Union Cupboard additionally authorised 1.45 trillion crore for market improvement help (MDA) to advertise natural fertilizers from Gobardhan vegetation.

Natural fertilizers will assist deal with the problem of administration of crop residue and issues of stubble burning, and preserving the atmosphere clear and secure. It would additionally present a further supply of revenue for farmers as they’ll get natural fertilizers at inexpensive costs.

The Cupboard additionally launched sulphur-coated urea (Urea Gold) to deal with the difficulty of sulphur deficiency of soil and save enter prices for farmers.

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Up to date: 29 Jun 2023, 12:57 PM IST