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

Ministry seeks more than Rs. 25,000-cr for urea subsidy bills

The Fertiliser Ministry has sought Rs.25000 cr from the Finance Ministry for making subsidy payments to domestic urea manufacturers.

  1. The govt. had allocated Rs.72,968.56 crore for fertiliser subsidy, out of which Rs.38,200 crore was earmarked for domestic urea.
  2. It is facing shortage of funds for making payments to domestic urea manufacturers due to subsidy arrears from the previous years.
  3. The govt. has taken slew of measures to improve the efficiency of urea manufacturers so as to reduce the subsidy bill.
  4. It has issued revised energy norms under the new urea policy for existing 25 gas based urea plants in the country.

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