ALSO READMOU Signed for Providing Centralized Platform for Processing Interest Subsidy to Eligible Beneficiaries under Sep Component of Day Surgical strike, building toilets, DBT is Rashtra-niti: Irani Savings through Aadhaar-based DBT expected to rise: Jaitley Centre saved Rs 56,000 cr through Aadhaar-enabled DBT: PM UP to introduce Direct Benefit Transfer for fertilizer: Adityanath
Urea is made available to farmers at a statutorily controlled price of Rs 5,360 per tonne. The difference between the delivered cost of the fertiliser at farm gate and MRP is given as subsidy to manufacturers.
Urea subsidy is projected to be Rs 45,000 crore for the 2018-19 fiscal, as against Rs 42,748 crore for this year.
"The continuation of the urea subsidy scheme will ensure adequate quantity of urea is made available to the farmers at statutory controlled price," an official release said after the meeting of Cabinet Committee on Economic Affairs (CCEA).
The urea subsidy has been extended for three years till 2020 at a total estimated cost of Rs 1,64,935 crore, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)