One day prior to Dhanteras, Nirmala Sitharaman, current Union Finance Minister On 12 November 2020 has announced a Rs 65,000 - crore subsidy on Fertilizer. To reduce the expansion of farmers and also for a stimulus package to boost the economy.
She said all the subsidy money will be offered to the farmers to ensure sufficient availability fertilizer for their rabi and Kharif crops. To the growers and to enable timely accessibility of fertilisers in the impending crop season.
Based on the central record in the year 2016-17 total manure use was 499 MT. It is predicted that it will increase to 673 metric tons in 2020-21. 140 million or 14 crore farmers will get benefits due to higher supply of fertilizers and subsidies.
Nirmala Sitharaman said that an additional outlay of Rs 10,000 crore will be given for Pradhan Mantri Garib Kalyan Rozgar Yojana in the current financial year. She said this will accelerate the growth of the rural economy.