Key Points
The Union Cabinet on Wednesday (May 17) approved a 1.08 lakh crore-fertiliser subsidy for the 2023-24 Kharif season, a move aimed to ensure that there is no increase in the retail prices of fertilisers...
Union Minister Mansukh Mandaviya said the Union Cabinet took up the fertiliser subsidy issue and approved extension of subsidy to the tune of 70,000 crore for Urea and 38,000 for DAP other fertilisers for the benefit of 12 crore farmers in this Kharif season...
"A total of 1.08 lakh crore will be spent on fertiliser subsidy for the Kharif season (April-September)," he said, and added that there will no change in the MRP (Maximum Retail Price) of fertilisers...
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