Fertiliser min may seek ₹2.5L crore subsidy for FY24

NEW DELHI: The fertiliser ministry might search budgetary enhance of round Rs 2.5 lakh crore subsidy for 2023-24, making an allowance for the present development of world costs. Whilst the federal government had provisioned for best Rs 1.05 lakh crore fertiliser subsidy for 2022-23, the outgo has already surpassed Rs 2 lakh crore. At a contemporary tournament at Ramagundam in TelanganaHigh Minister Narendra Modi stated, “This 12 months itself, the central executive will spend greater than Rs 2.5 lakh crore to supply affordable fertilisers to the farmers. Two-and-a-half lakh crore rupees!”
Although fertiliser ministry officers didn’t give the precise quantity, they stated the federal government will supply ok budget to make certain that farmers do not face any further burden because of fluctuation of costs within the world marketplace.
In the meantime, the federal government on Friday additionally brushed aside experiences of fertiliser scarcity in Trichy in Tamil Naduand Rajasthan. It stated there’s “greater than ok availability” of fertilisers within the nation to satisfy the wishes of rabi season. “Executive of India is sending fertilisers as in line with wish to all states, and it’s the duty of respective state governments to make sure availability inside the states via correct intra-district and inter-district distribution,” it stated.

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