Fertilizer Subsidy: In the first cabinet of the new year, Modi government has given a gift to fertilizer companies. The Cabinet has approved the special package of fertilizer companies. With more details on this, CNBC-Awaaz’s Laxman Roy, based on information received from sources, said that in the first cabinet of the new year, the government has approved an important proposal related to fertilizer companies. This proposal is very important for the farmers. According to sources, companies manufacturing DAP fertilizer will get the package. Today the Cabinet has approved a special package for DAP fertilizer.
According to sources, the Cabinet has approved a special package under which the government will provide financial assistance to the companies manufacturing DAP fertilizer in addition to subsidy. The special package has been approved till 31 December 2025. The government has announced this package to provide financial assistance to DAP fertilizer manufacturers to compensate for the rising cost of raw materials.
Let us tell you that DAP means Di-Ammonium Phosphate, it is a fertilizer which is an important source of phosphorus and nitrogen for crops and plants. DAP fertilizer is used in the initial stage of the crop for the strong growth of the roots of the crop. goes. This helps in increasing the level of nutrients in the soil. DAP is used for all types of crops. This includes crops like wheat, paddy, maize, sugarcane, pulses and oilseeds.
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Proposal to make crop insurance scheme attractive also approved
Apart from this, the Union Cabinet has approved another important proposal under which it has been decided to make the insurance scheme more attractive for farmers. To make the crop insurance scheme easier, its rules will be modified. With this, crops can be insured at cheap rates and under easy rules. These decisions are aimed at boosting agricultural productivity, providing financial support to farmers and providing affordable access to essential fertilizers.