How does fertilizer subsidy work in India?
The subsidy is paid on fertilizers sold for direct Agriculture uses. I. After the pan India roll out of DBT scheme, 100% subsidy on various fertilizer grades of P&K are released to the fertilizer companies on the basis of actual sales made by the retailers to the beneficiaries.
What are fertilizer subsidies?
The central government provides subsidy to fertilizer manufacturers and importers so that farmers can buy them at affordable prices.
Who decides urea subsidy?
The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi. The Union Cabinet on Wednesday raised the subsidies for DAP and some other non-urea fertilisers by Rs 14,775 crore to keep the price of crop nutrients for farmers low despite the rising costs.
How is fertilizer subsidy calculated?
For three bags urea, one bag DAP and half-a-bag MOP per acre, the farmer would spend a total of Rs 2,437 at existing MRPs. The corresponding subsidy value – at an average of Rs 13,000 per tonne (Rs 585/bag) for urea, Rs 511.55/bag for DAP and Rs 303.5/bag for MOP – will add up to Rs 2,418.3 per acre.
Who gets fertilizer subsidy?
The government has come up with a scheme named Direct Benefit Transfer systems in fertilizers. Under this scheme, the farmers will get the subsidy amount directly in their bank accounts for the purchase of fertilizers. This is truly an excellent initiative taken for farmers by the government.
What is the main crop of Haryana?
We consider 10 main crops grown in Haryana, namely rice, jowar, bajra, maize, wheat, barley, gram, mustard (including rapeseed), cotton (both American and Desi) and sugarcane. The crops included in the study account for 88 per cent of total cropped area in the state in 2008-09. Presently the state has 21 districts.
Why fertilizer prices are rising in India?
In addition to trade disputes, countries are implementing policies that impact global prices. For example, India has approved an additional $3.8 billion to increase the fertilizer subsidy for its farmers, causing fertilizer demand in India to continue to rise, pushing prices even higher for global buyers.
What is rate of DAP?
The government has decided to increase the subsidy for diammonium phosphate (DAP) fertiliser to Rs 1,200 a bag of 50 kg from Rs 500. This will help farmers continue to get DAP at the existing rate of Rs 1,200 a bag, despite a jump in its actual price due to higher raw material cost.
How do farmers get fertilizer subsidy?
What are subsidies Class 12?
Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. It is a part of non-plan expenditure of the government.
Why urea is coated with neem?
Neem coated urea due coating of neem oil, restrict the action of friction of urea prills and hence reduces formation of powder which adds to increase the Nitrogen use efficiency.
What is the main crop of Punjab?
wheat crop
The largest area is under wheat crop. Other important crops of the state are rice, cotton, sugarcane, pearl millet, maize, barley and fruit.