Krishi VaartaThe Economic Times
Fertiliser Subsidy to be Paid to Farmers’ Account Directly Under Phase 2 DBT Scheme
According to the ministry of fertilisers, the government aims to grant fertiliser subsidies directly to farmers under the second phase of the direct benefit transfer (DBT) scheme implementation. The first stage of fertiliser DBT was rolled out in October 2017, under which subsidy is transferred to companies after reviewing retail sales information recorded through Point of Sale (PoS) devices. After taking inputs from Niti Aayog, the transfer of fertiliser subsidy straight into the bank accounts of farmers was to be taken up in the second stage. The government bears over Rs. 70,000 crore annually as fertiliser subsidy.
In addition, the government is planning to bring some enhancement to the current DBT fertiliser by enabling distributors to use desktop or laptop with PoS devices for smooth operation. The state paid a Rs. 74,000 crore fertiliser subsidy during fiscal year 2018-19. Roughly Rs. 78,000 crore has been budgeted in the present fiscal year 2019-20 to pay fertiliser subsidy. Source : The Economic Times, 7 June 2019 If you find this information useful, click on the yellow thumbs up sign under the photo and also share this with your farmer friends using the options given below.
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