Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Agricultural crops
Date
01/11/2020
Policy Category
Production
Policy Instrument
Production support
Description
Earmarked an additional INR 650 billion (USD 8.9 billion) in fertilizer subsidies for fiscal year 20202021, with a view to encouraging farmers to increase crop plantings.
Notes
INDIA agricultural support fertilizer subsidy: As part of a stimulus package to boost the countrys economy and with a view to encourage farmers to increase plantings in the impending Rabi crop season, on 13 November, India\'s Ministry of Finance earmarked an additional INR 650 billion (USD 8.89 billion) in fertilizer subsidies for the ongoing 2020-21 fiscal year reversing a previous Government decision to reduce the fertilizer subsidy allocation by 11 percent.
