CCEA approves schemes for farmers; Rs 3,68,676 crore committed for urea subsidy for three years

The Fact News Service

New Delhi, June 29

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a package of innovative schemes for farmers with a total outlay of Rs 3,70,128.7 crore.

The schemes are focused at overall well-being and economic betterment of farmers by promoting sustainable agriculture, an official release said, adding that the initiatives will boost farmers’ income, strengthen natural and organic farming, rejuvenate soil productivity, and ensure food security. The CCEA approved continuation of Urea Subsidy Scheme to ensure constant availability of urea to the farmers at the same price of Rs 242/ 45 kg bag excluding taxes and neam coating charges.

Out of the approved package, Rs 3,68,676.7 crore have been committed for urea subsidy for three years (2022-23 to 2024-25). This is apart from recently approved nutrient-based subsidy of Rs 38,000 crore for Kharif season for 2023-24.

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