Fertiliser min may seek ₹2.5L crore subsidy for FY24 – Times of India

NEW DELHI: The fertiliser ministry may seek budgetary support of around Rs 2.5 lakh crore subsidy for 2023-24, considering the current trend of international prices. While the government had provisioned for only Rs 1.05 lakh crore fertiliser subsidy for 2022-23, the outgo has already surpassed Rs 2 lakh crore. At a recent event at Ramagundam in Telangana, Prime Minister Narendra Modi said, “This year itself, the central government will spend more than Rs 2.5 lakh crore to provide cheap fertilisers to the farmers. Two-and-a-half lakh crore rupees!”
Though fertiliser ministry officials did not give the exact number, they said the government will provide adequate funds to ensure that farmers don’t face any additional burden due to fluctuation of prices in the international market.
Meanwhile, the government on Friday also dismissed reports of fertiliser shortage in Trichy in Tamil Nadu, and Rajasthan. It said there is “more than adequate availability” of fertilisers in the country to meet the needs of rabi season. “Government of India is sending fertilisers as per need to all states, and it is the responsibility of respective state governments to ensure availability within the states through proper intra-district and inter-district distribution,” it said.

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