Team Blitz India
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister, Narendra Modi on June 28 approved a unique package of innovative schemes for farmers with a total outlay of Rs.3,70,128.7 crore. The bouquet of schemes is focused at overall wellbeing and economic betterment of farmers by promoting sustainable agriculture. The initiatives will boost farmers’ income, strengthen natural / organic farming, rejuvenate soil productivity, and ensure food security.
The CCEA approved continuation of Urea Subsidy Scheme to ensure constant availability of urea to the farmers at the same price of Rs 242/ 45 kg bag excluding taxes. Out of above approved package, Rs. 3,68,676.7 crore have been committed for urea subsidy for three years (2022-23 to 2024-25). This is besides the recently approved Nutrient Based Subsidy of Rs 38,000 Cr for Kharif season for 2023-24.
The farmers need not spend extra for purchase of urea, and this will help moderate their input costs. At present, the MRP of urea is Rs.242 per 45 kg bag of urea (exclusive of charges towards neem coating and taxes as applicable), whereas the actual cost of the bag comes around Rs. 2200. .
