Govt hikes non-urea fertiliser subsidy to Rs 61,000 cr for 6 mths of FY23

The per-bag subsidy on DAP has been raised by 50% from last fiscal

With prices going through the roof due to the ongoing Russia-Ukraine crisis, the Centre today approved a subsidy of Rs 60,939.23 crore for non-urea fertilisers for the first six months of this financial year. The move would enable companies to continue selling the vital soil nutrients at affordable rates to farmers.

This is almost 45.23 per cent more than the Budget Estimates for non-urea fertilisers for the entire Fy-23

After today's support, companies will be able to sell one bag of Di-Ammonia Phosphate (DAP) at Rs 1350 because the Centre will absorb the remaining cost of the same, estimated to be around