SME Times News Bureau | 27 Apr, 2012
The centre is not considering any stamp scheme for providing subsidy on fertilisers, the Lok Sabha was informed Thursday.
In a written reply, Minister of State for Chemicals and Fertilisers Srikant Kumar Jena said, "The government is not considering any stamp scheme for providing subsidy on fertilizers."
The Centre provides subsidy on 25 grades of P&K fertilizers along with Urea. Urea is provided to the farmers at statutory price at Maximum Retail Price (MRP) of Rs. 5310/- per Metric Tonne which is much below the cost of Urea.
The difference between the cost of Urea and Statutory MRP of Urea is borne by the government as subsidy.
An amount of Rs. 65592.13 crore for subsidy on fertilizers has been earmarked by the government for the year 2012-13 (BE).
