New Delhi, March 14
The Cabinet Committee on Economic Affairs (CCEA) today okayed continuation of urea subsidy scheme from 2017 to 2020 at a cost of around Rs 1,64,935 crore.
The approval came at a meeting chaired by PM Narendra Modi. Implementation of the direct benefit transfer (DBT) for disbursement of fertiliser subsidy was also approved. The continuation of the urea subsidy scheme will ensure that adequate quantity of urea is made available to farmers at controlled price. Implementation of the DBT in fertiliser sector would reduce diversion and plug leakages, an official statement said.
The Department of Fertilisers is in process to roll out DBT in this sector nationwide. It would entail 100% payment to fertiliser companies on sales to farmers at subsidised rates. Urea subsidy is part of a scheme of the Fertilisers Department. It is wholly financed by the Centre. — TNS
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