Govt hikes subsidy for non-urea fertilisers, to cost Rs 22,875 cr in FY20

The government on Wednesday hiked the subsidy on non-urea fertilisers to make available farm nutrients at affordable prices to farmers, a move that would cost the exchequer Rs 22,875.50 crore in this fiscal.

A decision in this regard was taken at the meeting of Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

"The CCEA approves NBS rates for Phosphatic and Potassic (P&K) fertilizers for the year 2019-20; expected expenditure during 2019-20 to be Rs 22,875.50 crore," Information and Broadcasting Minister Prakash Javadekar told media after the meeting.

The subsidy for Nitrogen has been fixed at Rs 18.90 per kg,