New DelhiUnion Chemicals and Fertilizers Minister Mansuk Mandavia has said that the fertilizer subsidy will increase to Rs 2.5 lakh crore in the current financial year 2022-23.
Union Agriculture Minister Narendra Singh Tomar and Chemicals and Fertilizers Minister Mansuk Mandavia held a video conference with state agriculture ministers on the status of fertilizers. Then Minister Mansuk Mandavia said:
Due to the effective measures taken by the Central Government, we have more than the required urea, DAP and NPK fertilizer required for this Caribbean season. Therefore, the states should inform the farmers about the availability of fertilizers. States should take care not to spread misinformation about the availability of fertilizers to farmers and create a panicked environment.
States need to know how much fertilizer is available in the market and how much fertilizer each district needs. States should also monitor how much fertilizer each farmer buys to avoid irregularities such as the counterfeit market. State governments should take stern action against those who sell fertilizers on the black market.
Farmers should be made aware of the existing practices in the application of fertilizers. Farmers should be informed about the use of nano urea and organic farming methods.
In the midst of the corona infection, the federal government has managed to keep up with rising commodity prices for fertilizers, despite rising international subsidies and rising fertilizer prices. The subsidy per DAP fertilizer bundle is Rs. 1,650. The Central Government has decided to provide this at Rs. 2,501. This is 50 per cent more than last year’s subsidy.
Fertilizer subsidy for farmers will increase to Rs 2.5 lakh crore this fiscal. The value of fertilizer subsidy during the last financial year was Rs 1.62 lakh crore. We need to plan for the use of fertilizers on a balanced basis. Thus said Mansuk Mandavia.