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New Year Gift for Farmers: Union Minister Ashwini Vaishnav informed that the Cabinet has approved a one-time special package of up to Rs 3,850 crore for Dia-Ammonium Phosphate (DAP) fertilizer. After this approval of the Union Cabinet, there will be no interruption in the supply of DAP fertilizer to the farmers and there will be relief in its prices. Under this special package, the central government will provide financial assistance to fertilizer companies, so that they continue to supply fertilizer to the farmers and the prices can be controlled.
Price of DAP fertilizer bag?
Farmers will get a 50 kg DAP fertilizer bag for Rs 1350 only, the extra burden will be borne by the government. However, the cost of this one bag is around Rs 3000. A subsidy of Rs 3850 crore will be given for this at one time. Currently, there is fluctuation in the prices of DAP in the international market, but it is being said that it will not affect the farmers of India.
Many steps taken for farmers
Let us tell you that many steps have been taken for the farmers in the cabinet meeting chaired by Prime Minister Narendra Modi. Union Minister Ashwini Vaishnav said that the allocation of PM Crop Scheme has been increased to Rs 69515 crore. At the same time, the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme have been approved to continue till 2025-26. For this, a total outlay of Rs 69,515.71 crore has been fixed from 2021-22 to 2025-26. This decision will help in risk coverage of crops from non-preventable natural disasters for farmers across the country till 2025-26.
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