AreaIndia

Commodity GroupGrains

CommodityGrains

Date23/05/2023

Policy CategoryProduction

Policy InstrumentProduction subsidy

DescriptionAnnounced a subsidy of INR 38 000 crore (USD 461.74 million) for the Kharif (summer-sown) crops to fulfil its commitment to provide quality and subsidized phosphatic and potassic fertilizers to farmers.

Notes1 INR=0.0121511 as per 17 May 2023