Budget 2016: Government introduces DBT in fertiliser, reduces subsidy allocation – Feedback

Buoyed by success of DBT in LPG, the government today announced direct transfer of fertiliser subsidy to farmers on pilot basis in few districts but reduced the overall subsidy allocation to the sector.

In the budget 2016-17, the government pegged fertiliser subsidy at Rs 70,000 crore, lower than Rs 72,437.58 crore revised estimate for this financial year. Out of this, Rs 51,000 crore has been allocated for urea and Rs 19,000 crore for decontrolled phosphoric and potassic (P&K) fertilisers. As per the document, out of total Rs 51,000 crore allocated for urea subsidy, Rs 40,000 crore has been earmarked for domestic urea, while the rest is for imported urea.

http://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/budget-2016-government-introduces-dbt-in-fertiliser-reduces-subsidy-allocation/articleshow/51197716.cms

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