Fertiliser direct benefit transfer could hurt companies' cash flow

Govt to stop subsidy payment unless companies instal PoS at retail outlets to identify beneficiaries

The government is firm on stopping subsidy reimbursements to fertiliser companies unless they install point-of-sale (PoS) devices at the retail end, but the industry has said this will hit their financials.

Several representations have been made by the industry to the government to fine-tune the programme before a nationwide launch of the scheme on June 1.

The government has threatened to stop subsidy payments unless companies start installing PoS devices at retail outlets to identify beneficiaries.

The industry is not opposed to direct benefit transfer but it wants the mechanism to be fine-tuned. The fear subsidy clearance