Govt hikes subsidies for DAP

| | New Delhi
  • 0

Govt hikes subsidies for DAP

Thursday, 17 June 2021 | PNS | New Delhi

The Union Cabinet on Wednesday approved a Rs  700 per bag hike in subsidy for DAP fertilizer to protect farmers from its surging prices due to the increasing cost of raw materials globally. This will cost an additional of Rs 14,775 crore to the exchequer. The hike is part of the government’s effort to ensure that farmers get the key soil nutrient at old rates of Rs 1200 per bag.

With rise in global prices, the actual price of DAP reached Rs 2,400 per bag.  DAP is the second most popular fertiliser among Indian farmers behind urea — in 2020-21, 119.13 lakh tons of DAP were purchased, compared to 350 lakh tons for the top-selling urea. Beside DAP, the government is providing Rs  900 per bag subsidy on urea.

The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi.  Briefing the media, Minister of State for Chemicals and Fertilisers Mansukh Mandaviya on Wednesday said the Cabinet has approved increasing the subsidy amount for DAP fertiliser for the benefits of farmers.

Sunday Edition

Coming of age: the 21st India-Russia Summit

05 December 2021 | Asoke Mukerji | Agenda

Forgiveness & Peace

05 December 2021 | Sant Rajinder Singh | Agenda

Artah worshippers

05 December 2021 | Ajit Kumar Bishnoi | Agenda

Astroturf | Astrology helps reshape destiny

05 December 2021 | Bharat Bhushan Padmadeo | Agenda

Afghan woman judges still fear Taliban

05 December 2021 | AP | Agenda

OH! Mi-cron

05 December 2021 | SUPRIYA RAMESH | Sunday Pioneer