Fertiliser subsidy expected to rise by 55% to record ₹2.5 lakh cr in FY23
- For the Kharif season, the Cabinet has approved a subsidy of ₹60,939.23 crore including support for indigenous fertilizer (SSP) through freight subsidy and additional support for indigenous manufacturing and imports of DAP.
India's fertiliser subsidy is expected to rise by 55% to ₹2.5 lakh crore for the financial year FY23 on the back of additional funds to make up for the increase in cost from higher import prices.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more