New Delhi, July 31 (IANS): The Cabinet Committee on Economic Affairs on Wednesday approved subsidy rates for P&K (phosphatic and potassic) fertilizers for the year 2019-20, an official release said.
The subsidy rates for nitrogen will be INR 18.90 per kg, INR 15.21 per kg for phosphorus, INR 11.12 per kg for potash and INR 3.56 per kg for sulphur.
The expected expenditure for release of subsidy on P&K fertilizers during 2019-20 will be INR 22,875.50 crore.
This will enable the manufacturers and importers to formalize supply contracts for fertilizers and fertilizer inputs and make fertilizers available to the farmers, the release said.
