 "Fertilisers, farming")
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved an additional subsidy of Rs 28,655 crore on phosphatic and potassic (P&K) fertilisers to ensure that farmers get nutrients at affordable prices during the rabi sowing season.
This is in addition to the Rs 14,775 crore of extra subsidy provided in June for Di-ammonia phosphate (DAP) after their prices soared in the global and domestic markets. The Centre had approved a fertiliser budget of Rs 79,530 crore in FY22. Taken together, the total expenditure on fertiliser subsidy after today's allocation will be around Rs 130,000
