INVC NEWS
New Delhi : Discover how the Modi government is championing farmer welfare with a robust subsidy of Rs 22,303 crore. Ensuring stable fertilizer prices for the Rabi season, this initiative aims to shield Indian farmers from global market fluctuations.
Overview of the Relief
The relief is not just a mere announcement. It’s a promise, a commitment, and a testament to the government’s dedication to the agrarian community.
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Key Figures and Amounts
Union Minister Anurag Thakur unveiled that a whopping subsidy of Rs 22,303 crore has been sanctioned for phosphated and potassic fertilizers.
Rationale Behind the Relief
With global prices on the rise, the goal is clear: to shield Indian farmers from the volatile international market. This initiative ensures that they continue to get DAP at the steadfast rate of Rs 1350 per bag.
Benefits for the Rabi Season
This subsidy isn’t just a temporary measure. It’s here to stay, at least for the upcoming Rabi season, spanning from 1 October 2023 to 31 March 2024.
Subsidy Details
So, what exactly does this subsidy entail? Let’s dive deep.
Breakdown of Subsidy Rates
Farmers can now breathe easy knowing that they’ll receive a subsidy of Rs 47.2 per kg for Nitrogen, Rs 20.82 per kg for Phosphorus, Rs 2.38 per kg for Potash, and Rs 1.89 per kg for Sulphur. That’s a lot of numbers, but the bottom line? Immense savings for our farmers.
Prices for Key Fertilizers
Keeping prices stable, Di-Ammonium Phosphate (DAP) remains at Rs 1350 per bag. Furthermore, Nitrogen Phosphorus and Potassium (NPK) are set at Rs 1470 per bag.
The Government’s Dedication to Farmers
It’s more than just subsidies and numbers. It’s about valuing the backbone of our nation – the farmers.
Impact of International Prices
The international market is unpredictable. But why should our farmers bear the brunt? This subsidy ensures they remain unaffected by global price surges.
How This Benefits the Average Farmer
Simply put, more money in their pockets. Stable fertilizer prices mean predictable expenses, allowing farmers to plan better and prosper.
Statements from Union Minister Anurag Thakur
In a recent cabinet meeting led by Prime Minister Narendra Modi, the decision was unanimous. The farmer-friendly government has made its stance clear: the well-being of Indian farmers is paramount.
Decision in the Cabinet Meeting
This isn’t a hasty decision. It was taken after thorough deliberation, keeping the interests of the farmers at heart.
A Commitment to Stable Prices
Union Minister Anurag Thakur emphasized the government’s commitment. The message is clear: come what may, the prices of key fertilizers will remain stable.
Conclusion: What Does This Mean for Farmers?
A brighter future, stable prices, and a government that listens. This relief is more than just financial aid; it’s a promise of unwavering support.
FAQs
- When will the subsidy be effective?
From 1 October 2023 to 31 March 2024. - How much is the subsidy for DAP?
DAP will continue to be available at Rs 1350 per bag. - Why has the government decided on this subsidy?
To shield farmers from rising international prices. - Who announced this relief?
Union Minister Anurag Thakur made the announcement. - Will the prices of fertilizers remain the same in the future?
The current announcement ensures stable prices for the upcoming Rabi season. Future decisions will be made based on prevailing conditions.
