New Delhi: The Center will revive the corporation of North Regional Agriculture Marketing (Neramac) to help farmers in eight northeastern countries get remunerative prices of agricultural-horticulture products, promote tough and sustainable agriculture throughout India, and provide Rs 14,775 Crore for additional fertilizers Subsidies as part of this financial year stimulus package.
Although the announcement on additional fertilizer subsidies was carried out on June 16, Monday’s center included as part of the 17 main steps to provide encouragement for the pandemic economy and support various parts of society.
Under the allocation, additional subsidies of Rs 9,125 Crore will be intended for DAP fertilizer while RS 5,650 Crore will be intended for additional subsidies for NPK-based complex fertilizers.
Additional allocation will increase the entire nutritional-based subsidy (NBS) from Rs 27,500 Crore to Rs 42,275 Crore at 2021-22.
Under the Agricultural Marketing Awakening Package, the Ministry announced it would provide Rs 77.45 Crore to Neramaac which was founded in 1982 to support farmers in the northeast.