![Govt to push alternative plant nutrients to cut fertiliser subsidy load by 50%](https://img.etimg.com/thumb/msid-104707865,width-300,height-225,imgsize-231608,resizemode-75/govt-to-push-alternative-plant-nutrients-to-cut-fertiliser-subsidy-load-by-50.jpg)
The subsidy for the upcoming rabi season will be applicable from October 1, 2023, till March 31, 2024, information and broadcasting minister Anurag Thakur said at a press meeting on Wednesday.
For nitrogen-based fertiliser, the subsidy will be ₹47.2 per kg, for phosphorus it will be ₹20.82 per kg, for potash ₹2.38 per kg and for sulphur ity will be ₹1.89 per kg, he said.
These rates are, however, below those during the kharif season. For instance, the nitrogen subsidy announced in May for this year's kharif season was ₹76 per kg, while that for phosphorus was ₹41 per kg.
This is due to "rationalisation of subsidy on P&K fertilisers in view of recent trends in the international prices of fertilisers and inputs," said a government statement.
"Farmers will continue to get fertiliser at last year's rates," said Thakur.
The Centre was to spend ₹44,000 crore in 2023-24 on nutrient-based fertiliser subsidy, according to the budget for this financial year. However, within the first five months of the fiscal, it spent ₹34,111 crore or 78% of the budget estimate. The total nutrient-based fertiliser subsidy this fiscal could touch ₹56,414 crore, 28% more than the budgeted amount, according to people aware of the matter.
![Rabi Season Fert Subsidy of ₹22k cr Gets Nod Rabi Season Fert Subsidy of ₹22k cr Gets Nod](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Jamrani dam project
The cabinet also approved the inclusion of Jamrani Dam Multipurpose Project of Uttarakhand under the Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme.
The project, which will be completed by March 2028 at a cost of Rs 2,584 crore, will see a dam being built on the Gola river near Jamrani village in Nainital district. The Centre will bear 90% of the project cost, said Thakur.
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