Budget 2024-25 lowers fertiliser subsidy allocation by 13% to Rs 1.64 cr.
Thu, Feb 1, 2024 1:56 PM

Budget 2024-25 lowers fertiliser subsidy allocation by 13% to Rs 1.64 cr.

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The Finance Minister has lowered the allocation for fertiliser subsidy by 13% to Rs 1.64 lakh crore in FY25, citing a drop in international prices and government initiatives to promote bio and organic fertilisers. The government aims to reduce expenditure on subsidies for indigenous urea through schemes like PM PRANAM and Market Development Assistance. However, global regulatory changes.

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