Union Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for farmers. This subsidy currently stands at approximately Rs 2,700 for each bag of urea. Sitharaman emphasised the government's commitment to providing essential farm inputs despite rising global prices. Additionally, her remarks highlighted ongoing efforts to support agricultural investment in Andhra Pradesh. These initiatives aim to ensure that farmers receive necessary resources and maintain economic stability.
Madanapalle: The Centre has been absorbing a subsidy of around Rs 2,700 on every bag of urea when global costs have risen as high as Rs 3,000, keeping the price paid by farmers at around Rs 300, Union Finance Minister Nirmala Sitharaman said on Friday.
Addressing a gathering at Madanapalle in Andhra Pradesh, Sitharaman said the government had sought to shield farmers from the sharp rise in fertiliser costs caused by global disruptions, including the pandemic and geopolitical tensions in West Asia.
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