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Fertilizer Subsidy
March 28 , 2020
1576 days
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- The Parliamentary Standing Committee report says that until December 2019, 1182.04 lakh metric tonnes of fertilizers have been sold under Direct Benefit Transfer Scheme.
- Currently, the identity of the buyer or farmer is authenticated through Aadhar-based identification, Kisan Credit Card, biometric or voter ID.
- The subsidies are paid to the fertilizer companies based on the receipts of their sales made by the retailers to the beneficiaries.
- The fertilizers subsidies consume 0.5% of GDP which is the second highest after food.
- The three major types of fertilizers used are Urea, Muriate of Potash and Diammonium Phosphate.
- Of all these fertilizers, urea accounts to 86%.
- Currently, the Government of India is taking several steps to control the use of urea and replace it with NPK (nitrogen, phosphorus, and potassium) fertilizers.
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