Fertilizer Sector reforms – NBS, bio-fertilizers, Neem coating, etc.

Govt clears new urea policy, will cut subsidy by Rs 4.8K Crore

  1. Aims to increase domestic production by 2 MM tonnes & reduce its subsidy bill by over Rs 4,800 crore annually.
  2. The maximum retail price (MRP) of urea for farmers has been left untouched at Rs 268 per bag of 50 kg, excluding local taxes.
  3. Farmers would have to pay an additional Rs 14 per bag for neem-coated urea.
  4. Earlier, the government had approved gas pooling policy under which all urea units would get gas at a uniform price.