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Budget proposes Rs 10k crore to clear fertiliser subsidy dues: Ananth Kumar

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Ananth Kumar

Last Updated : Feb 07 2017 | 10:37 AM IST

To reduce the burden of fertiliser subsidy backlogs, a special banking arrangement of Rs 10000 crores has been approved in this budget to clear fertiliser subsidy dues, said Ananth Kumar, Minister of Chemicals and Fertilizers while addressing the media on Monday.

He added that the overall budget allocation for the Department of Fertilizer for the year 2017-18 is 74,235 crores. Stating that fertiliser has been one of the fastest growing sectors in the last quarter, the Minister said, “Fertilisers, along with power, has been the torchbearer of achievement of this government.”

According to Ananth Kumar, the government has taken key measures to

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