There is good news for the farmers as the central government has announced DAP fertilizer subsidy with effect from January 1.
The Union Cabinet meeting chaired by Modi was dedicated to farmers.
The Cabinet approved the decisions made by Prime Minister Narendra Modi only related to farmers.
The budget of Pradhan Mantri Fasalu Bhima Yojana has increased to Rs 69,515 crore. 3,850 crore for DAP fertilizer in addition to this. Agreed to release a special package.
With this decision, farmers can buy 50 kg of DAP fertilizer at Rs 1,350. Can be purchased at retail price. This subsidy will be effective from January 1 and will remain in effect until further orders
Speaking at a press conference, Union Minister Ashwini Vaishnav said farmers can continue to buy 50 kg of DAP fertilizer at Rs 1,350. In other countries, 50 kg of fertilizer costs more than 3 thousand rupees.It costs more. 11.9 lakh crore for farmers during 2014-24. Subsidized. He said that the amount of subsidy has doubled compared to the period of 2004-14.
Farmers will not have to bear the brunt of market fluctuations caused by Covid and war-related disruptions from 2024 onwards. Due to the global crisis, the price of DAP fertilizer is suddenly changing in the international market.For this reason, he said, this decision has been taken to facilitate the farmers during monsoon season.