2 Recent Steps Taken By The Govt. To Boost Farmer Income

A Press Information Bureau (PIB) release made today (May 15, 2021) said government of India is making fertilizers including Urea and 22 grades of Phosphatic & Potassic (P&K) fertilizers including Di-ammonium Phosphate (DAP), Muriate of Potash (MOP) & Single Superphosphate (SSP) available to farmers at subsidized rate via importers and fertilizer manufacturing companies. The subsidy on P&K fertilizers has been regulated by NBS Scheme with effect from 01.04.2010.

2 Recent Steps Taken By The Govt. To Boost Farmer Income

Fertilisers being made available to farmers at subsidized rate

In a farmer friendly initiative, the government of India is ensuring that P&K fertilizers are available to farmers at subsidized or affordable rates. The fertilizer companies are granted the subsidy as per Nutrient based subsidy rates such that they are able to provide fertilizers to farmers at affordable rates.

Internationally, in the past few months, the prices of raw materials of DAP and other P&K fertilizers have risen sharply. So accordingly the prices of finished DAP and other fertilizers has zoomed there. But in India, until last month, the companies did not resorted to increase the price of DAP.

"Government of India is fully aware of the situation and it is being closely monitored at very high level in the Government. Government is fully sensitive to the concerns of farmers also and is already taking steps to tackle the situation so that farming community can be saved from the effects of this price rise of P&K fertilizers (including DAP)", said the release.

"As a first step, Government has already directed all the fertilizers companies to ensure the sufficient availability of these fertilizers in the market for farmers. Availability of fertilizers in the country is being daily monitored by the Government", it added.

"On the pricing front of DAP, the Government has already asked all the fertilizer companies to sell their old stocks of DAP etc. at the old prices only. Additionally, Government of India is also considering the subsidy rates to offset the rise in international prices of raw materials of P&K Fertilizers and DAP in order to support the farmers cause and lessen the financial burden on them", pointed the release.

So as a first step in boosting farmer income, the government is ensuring that farmers get fertilizers at subsidized or affordable prices.

8th installment totalling to more than Rs. 19000 crore released under PM-KISAN scheme

Moreover, recently i.e. on May 14, 2021, PM Modi released the eight installment under the PM KISAN or Pradhan Mantri Kisan Samman Nidhi scheme. As part of the dole-out, a total of more than Rs. 19000 crore was released into the bank accounts of over 9.5 crore farmer families.

The PM-KISAN scheme is the Centre's sector specific scheme that aims to extend financial support to the agriculture community in the country to enable them to meet their financial requirements for agriculture and allied services, as well as for household needs. Further under the scheme, eligible farmer families are entitled to an yearly benefit of Rs. 6000, which is paid in 3 equal installments of Rs. 2000 each.

So in this unprecendented crisis in the wake of the COVID pandemic, the Government is doing everything possible to safeguard farmers' interest.

GoodReturns.in