Government enhances DAP fertiliser subsidy
The Hindu
PM Modi okays ₹1200 subsidy per bag to retain existing price for farmers, as input costs soar.
The government has enhanced the subsidy on di-ammonium phosphate or DAP fertilisers in order to retain the selling price for farmers at the current level of ₹1200 per bag, following a review meeting on fertiliser prices chaired by Prime Minister Narendra Modi on Wednesday. The move, which entails raising the subsidy from ₹500 per bag to ₹1200 per bag of DAP, will raise India’s annual fertiliser subsidy bill of about ₹80,000 crore by ₹14,775 crore as subsidy in the Kharif season, a statement said.
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