CCEA nod for extension of urea subsidy till 2020

NEW DELHI: The executive lately authorized a suggestion to increase urea subsidy till 2020 and also implementation of direct get advantages switch (DBT) for disbursement of fertiliser subsidy.
Urea is made to be had to farmers at a statutorily controlled price of Rs 5,360 per tonne. The distinction between the delivered value of the fertiliser at farm gate and MRP is given as subsidy to producers.

Urea subsidy is projected to be Rs 45,000 crore for the 2018-19 fiscal, as in opposition to Rs 42,748 crore for this yr.

"The continuation of the urea subsidy scheme will ensure adequate quantity of urea is made available to the farmers at statutory controlled price," an respectable unlock said after the assembly of Cabinet Committee on Economic Affairs (CCEA) .

The urea subsidy has been prolonged for 3 years till 2020 at a total estimated value of Rs 1,64,935 crore, it added.


Normally, the Fertiliser Ministry takes popularity of the urea subsidy subsidy on an yearly foundation, however this time has won clearance for 3 years.


The CCEA has also authorized implementation of direct get advantages switch (DBT) for disbursement of fertiliser subsidy in order to reduce diversion and plug the leakages.


In the observation, the government said it is in the process to roll out DBT in fertiliser sector national. DBT would entail 100 per cent payment to fertiliser companies.


Therefore, continuation of the Urea Subsidy Scheme will facilitate the graceful implementation of DBT scheme in fertiliser sector, it added.
CCEA nod for extension of urea subsidy till 2020 CCEA nod for extension of urea subsidy till 2020 Reviewed by kailash soni on March 15, 2018 Rating: 5
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