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The federal government has allotted practically ₹79,600 crore for fertiliser subsidies within the 2021-22 Finances
Fertiliser Minister Mansukh Mandaviya has directed all producers to not enhance retail costs of DAP and different phosphatic fertilisers as a part of the federal government’s efforts to make sure the provision of crop vitamins at reasonably priced costs through the ongoing Rabi season, in accordance with sources.
The federal government, which elevated subsidies on DAP and another non-urea fertilisers, is unlikely to hike subsidies on non-urea fertilisers, they added.
Based on the sources, the Minister has mentioned the federal government won’t enable any enhance in retail costs of DAP and in addition not tolerate value “cartelisation”.
In June, the Union Cupboard had raised the subsidies for DAP and another non-urea fertilisers by ₹14,775 crore to maintain the worth of crop vitamins for farmers low regardless of the rising prices. The transfer was geared toward offering aid to the farmers amid the pandemic.
After urea, Di-Ammonium Phosphate (DAP) fertiliser is probably the most extensively used one within the nation.
The federal government had elevated subsidies by 140% on DAP due to the surge in world costs. The subsidy for DAP fertiliser has been elevated to ₹1,200 per bag from ₹500 per bag.
Farmers will proceed to get DAP on the outdated price of ₹1,200 per bag, the federal government had mentioned.
One bag has 50 kg fertiliser.
The federal government has allotted practically ₹79,600 crore for fertiliser subsidies within the 2021-22 Finances.
At current, the subsidy charges for N (Nitrogen) is ₹18.789, P (Phosphorus) ₹45.323, Ok (potash) ₹10.116 and S (sulphur) ₹2.374. The subsidy is for every kilogram of the fertiliser.
The NBS price on P stood at ₹18.78 per kg final yr.
The Centre is making obtainable fertilisers, particularly urea and 22 grades of P&Ok fertilisers (together with DAP) to farmers at subsidised costs by means of fertiliser producers/importers.
Within the case of urea, the federal government has mounted the utmost retail costs (MRP) of urea. The distinction between the MRP and the price of manufacturing is reimbursed to producers within the type of a subsidy.
The Centre broadcasts Nutrient Primarily based Subsidy (NBS) charges for P&Ok (Phosphatic & Potassic) fertilisers yearly. The subsidy on P&Ok fertilisers is being ruled by NBS Scheme with impact from April 1, 2010.
Based on the federal government knowledge, urea imports rose to 98.28 lakh tonnes in 2020-21 from 91.23 lakh tonnes in 2019-20.
Di-ammonium phosphate’s (DAP) imports stood nearly flat at 48.82 lakh tonnes in 2020-21, in opposition to 48.70 lakh tonnes within the earlier yr.
Imports of MoP (Muriate of Potash) rose to 42.27 lakh tonnes, from 36.70 lakh tonnes; whereas imports of NPK fertilisers elevated to 13.90 lakh tonnes from 7.46 lakh tonnes.
Supply- thehindu