Fertilizer Subsidy: In the first cabinet meeting of the new year, Modi government made a big announcement for farmers and fertilizer companies. the government has DAP Fertilizer To provide financial assistance to companies making special package Has been approved. This step will not only help fertilizer manufacturers but also provide fertilizers to farmers at reasonable prices.
DAP Fertilizer: Important product for farmers
DAP (Di-Ammonium Phosphate) An important fertilizer, which is the primary source of phosphorus and nitrogen for crops and plants.
- Helpful in the growth of crop roots: DAP is used to promote early growth of the crop, ensuring the strength of the plant’s roots.
- Useful for all crops: It is widely used in crops like wheat, paddy, maize, sugarcane, pulses, and oilseeds.
- Increasing nutrients in soil: DAP fertilizer maintains the balance of nutrients in the soil and helps in increasing agricultural production.
Special features of special package
The special package DAP approved by the Cabinet will help fertilizer manufacturers to offset the rising cost of raw materials and ensure availability of fertilizer.
- Subsidy and Financial Help: The government will provide additional financial support with subsidies.
- Time Limit: This package will remain in force till 31 December 2025.
- Reimbursement of Raw Material Cost: This step has been taken in view of the rising raw material prices in the global market.
Target to increase agricultural productivity
The objective of this decision is to provide economic strength to the agriculture sector and to make access to fertilizers easier.
- Relief to farmers: With this package, farmers will get DAP fertilizer at cheap rates.
- Improve Productivity: Better growth of crops will increase agricultural productivity.
Crop insurance scheme made attractive
the cabinet crop insurance scheme It has been decided to amend the rules to make it more attractive and accessible to the farmers.
- Easy rules: The insurance process will be made simple and easy to understand.
- Affordable Insurance: Farmers will now be able to get crop insurance at cheaper rates.
- Agricultural Risk Reduction: This step will reduce the risk of crop loss due to natural disasters and other reasons.
Importance of these steps
These decisions of the government will not only strengthen the agriculture sector but will also improve the economic condition of the farmers.
- Affordable availability of DAP fertilizer: Crop production will improve.
- Attractive rules of insurance plan: Farmers will feel security.
- Self-reliance in agriculture sector: This step will be helpful in making India’s agriculture sector self-reliant.
