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FM Sitharaman announces Rs 65,000-crore fertiliser subsidy for farmers

An additional outlay of Rs 10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana

Topics
Economic stimulus | farmers | Fertilizers

Press Trust of India  |  New Delhi 

agriculture
FM said this will accelerate growth of the rural economy

Finance Minister on Thursday announced a Rs 65,000-crore fertilizer subsidy for as part of her stimulus package to boost the economy.

She said Rs 65,000 crore is being provided to ensure adequate availability of fertilisers to and to enable timely accessibility of fertilisers in the upcoming crop season.

She said an additional outlay of Rs 10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana in the current financial year.

This, she said, will accelerate growth of the

Sitharaman further said, Rs 3,000 crore will be released to EXIM Bank for promotion of 'Project Exports' through lines of credits.

EXIM Bank extends lines of credits (LOC) on behalf of the government of India as assistance to developing countries under Indian Development and Economic Assistance Scheme (IDEAS) Scheme.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, November 12 2020. 15:03 IST
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