Budget Allocation for Fertilisers Increased to Rs 1.91 Trillion

29 Mar 2025 CW Team

Under the Nutrient Based Subsidy (NBS) scheme, the budget has also been revised from Rs 450 billion to Rs 543.1 billion, ensuring no reduction in subsidy support. Additionally, the Pradhan Mantri Krishi Sinchayee Yojana has been extended until 2025-26, with an overall outlay of Rs 930.68 billion.

To maintain a steady supply of fertilisers, the Department of Agriculture and Farmers Welfare (DA&FW), in coordination with state governments, assesses fertiliser demand before each cropping season. The Integrated Fertiliser Monitoring System (iFMS) tracks the movement of subsidised fertilisers nationwide, ensuring timely distribution.

Urea continues to be sold at a fixed Maximum Retail Price (MRP) of Rs 242 per 45 kg bag, with the government covering the subsidy difference. Meanwhile, for Phosphatic & Potassic (P&K) fertilisers, prices are market-driven under the NBS scheme, though the government ensures reasonable pricing.

To address supply challenges due to geopolitical disruptions, a one-time special subsidy of Rs 3500 per MT for Di-Ammonium Phosphate (DAP) has been extended until March 31, 2025, ensuring affordable prices for farmers.

Additionally, the government is actively engaging with resource-rich countries to secure long-term fertiliser supplies and facilitate agreements between Indian and foreign fertiliser companies to maintain cost-effective imports.

This update was provided by Union Minister of State for Chemicals and Fertilisers Smt. Anupriya Patel in a written reply in Lok Sabha.

(PIB)

The final budget allocation for the Department of Fertilisers has been raised to Rs 1.91 trillion for FY 2024-25, up from the initial estimate of Rs 1.68 trillion, following Supplementary Demands for Grants passed by Parliament. Under the Nutrient Based Subsidy (NBS) scheme, the budget has also been revised from Rs 450 billion to Rs 543.1 billion, ensuring no reduction in subsidy support. Additionally, the Pradhan Mantri Krishi Sinchayee Yojana has been extended until 2025-26, with an overall outlay of Rs 930.68 billion. To maintain a steady supply of fertilisers, the Department of Agriculture and Farmers Welfare (DA&FW), in coordination with state governments, assesses fertiliser demand before each cropping season. The Integrated Fertiliser Monitoring System (iFMS) tracks the movement of subsidised fertilisers nationwide, ensuring timely distribution. Urea continues to be sold at a fixed Maximum Retail Price (MRP) of Rs 242 per 45 kg bag, with the government covering the subsidy difference. Meanwhile, for Phosphatic & Potassic (P&K) fertilisers, prices are market-driven under the NBS scheme, though the government ensures reasonable pricing. To address supply challenges due to geopolitical disruptions, a one-time special subsidy of Rs 3500 per MT for Di-Ammonium Phosphate (DAP) has been extended until March 31, 2025, ensuring affordable prices for farmers. Additionally, the government is actively engaging with resource-rich countries to secure long-term fertiliser supplies and facilitate agreements between Indian and foreign fertiliser companies to maintain cost-effective imports. This update was provided by Union Minister of State for Chemicals and Fertilisers Smt. Anupriya Patel in a written reply in Lok Sabha. (PIB)

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..