Budget Allocation for Fertilisers Increased to Rs 1.91 Trillion
ECONOMY & POLICY

Budget Allocation for Fertilisers Increased to Rs 1.91 Trillion

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)         

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)         

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?