General
Nirmala Sitharaman announces Rs. 65,000 crore for subsidized fertilizers
As fertilizer consumption is going up significantly, Rs. 65,000 crore is being provided to ensure increased supply of fertilizers to farmers to enable timely availability of fertilisers in the upcoming crop season
- By ICN Bureau
| November 16, 2020
The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has announced Rs. 65,000 crore for subsidised fertilizers to support agriculture under AatmaNirbhar Bharat 3.0.
As fertilizer consumption is going up significantly, Rs. 65,000 crore is being provided to ensure increased supply of fertilizers to farmers to enable timely availability of fertilisers in the upcoming crop season.
Nirmala Sitharaman has announced 12 key measures, as part of Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0. The net stimulus announced amounts to Rs. 2.65 lakh crore.
Sitharaman also informed that the total stimulus announced by the Government and Reserve Bank of India till date, to help the nation tide over the COVID-19 pandemic, works out to Rs. 29.87 lakh crore, which is 15% of national GDP. Out of this, a stimulus worth 9% of GDP has been provided by the government.
The minister has also provided an additional outlay of Rs. 10,000 crore is being provided for PM Garib Kalyan Rozgar Yojana to provide rural employment which will help accelerate the rural economy.
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