Government Allocates Rs 37,000 Crore for Fertilizer Subsidies This Fiscal

The Indian government has allocated nearly Rs 37,000 crore for fertilizer subsidies in the current fiscal year to ensure that farmers have access to affordable crop nutrients. This subsidy, disbursed through the DBT system, aligns with efforts to stabilize prices and support agricultural output.

The Indian government has so far allocated nearly Rs 37,000 crore in fertilizer subsidies for the current fiscal year to ensure farmers have access to affordable crop nutrients, Parliament was informed on Friday.

Minister of State for Chemicals and Fertilizers Anupriya Patel stated in a written reply to the Lok Sabha, 'The government provides subsidies to ensure the adequate availability of fertilizers at affordable prices to farmers. Under the 'DBT in Fertilizers' system, 100 percent subsidy on various fertilizer grades is released to fertilizer companies based on actual sales to beneficiaries, authenticated through Aadhar, via POS (point-of-sale) devices installed at retail shops.'

She elaborated on the government's subsidy provisions since the 2010-11 fiscal, showing a steady increase in the fertilizer subsidy budget despite a recent reduction in the previous financial year.

(With inputs from agencies.)