Govt mulls paying fertiliser subsidy directly to farmers under phase 2 of DBT scheme
-The Hindu Business Line
The government bears over Rs. 70,000 crore annually as subsidy to provide cheaper farm nutrient to farmers.
The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday.
In October 2017, the first phase of fertiliser DBT was rolled out, under which subsidy is being transferred to companies after checking retail sales data captured through the Point of Sale (PoS) machines.
The transfer of fertiliser subsidy directly into farmers’ bank accounts was to be taken up in the second phase after taking inputs from Niti Aayog.
The government bears over Rs. 70,000 crore annually as fertiliser subsidy to provide cheaper farm nutrient to farmers.
“We want to try giving fertiliser subsidy directly into farmers’ bank accounts. Now, there is a thinking in this line. Now, we are ready for the phase two implementation. When and how -- that is under discussion,” the official told PTI.
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