AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityAgricultural crops

Date01/11/2020

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionEarmarked an additional INR 650 billion (USD 8.9 billion) in fertilizer subsidies for fiscal year 2020–2021, with a view to encouraging farmers to increase crop plantings.

NotesINDIA – agricultural support – fertilizer subsidy: As part of a stimulus package to boost the country’s 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.