One Nation One Fertilizer: All subsidized fertilizers like Urea and DAP will be sold under one name from October, the government made a big change

Modi government has taken a big decision regarding agriculture and fertilizers. The government is going to do this to make available the fertilizers to the farmers on time and reduce the cost of freight subsidy. Also, from now onwards, the government will sell all subsidized fertilizers like urea and DAP under a brand named ‘Bharat’ from October. .

Union Minister of Chemicals and Fertilizers Mansukh Mandaviya announced

Let us tell you that the Union Minister of Chemicals and Fertilizers Mansukh Mandaviya announced this while launching the ‘One Nation One Fertilizer’ initiative under the Prime Minister’s Indian Public Fertilizer Project (PMBJP) on Saturday. He said that from October, all subsidized fertilizers would be sold under the brand ‘Bharat’. Along with this, he said that fertilizer companies will be able to put their name, brand, logo and other necessary information on one-third of the bag. But two-thirds of the sack of fertilizer will have to bear the Bharat brand and PMBJP logo. Even though this arrangement will start from October, fertilizer companies have been given time till the end of December to sell their existing stock.

Government is giving so much subsidy

Mandaviya explained the reason behind starting this scheme. He said that the government subsidizes 80 per cent of the retail price of urea, 65 per cent of diammonium fostec, 55 per cent of NPK and 31 per cent of murate of potash. Freight subsidy is also Rs 6000-9000 crore annually. The government had given fertilizer subsidy of Rs 1.62 lakh crore in the last financial year (2021-22). The burden of fertilizer subsidy on the government is expected to increase to Rs 2.25 lakh crore in the current financial year due to the increase in the global prices of fertilizers in the last five-months.