All subsidised fertilisers, including Urea and DAP (Diammonium phosphate), will seemingly be sold from October beneath a single ticket name — “Bharat” — as fraction of the Centre’s ‘One Nation, One Fertiliser’ initiative, Chemical substances and Fertilisers Minister Mansukh Mandaviya acknowledged on Saturday.
Mandaviya acknowledged the initiative is geared toward guaranteeing well timed supply of fertiliser to farmers, bringing uniformity in supply, and decreasing subsidy burden in the case of better freight charges.
As of now, there would possibly be a crisscross race of fertiliser due to ticket preference in tons of substances of the nation, he acknowledged.
Citing instance of such race, Mandaviya acknowledged fertiliser manufactured by Indian Farmers Fertiliser Cooperative Puny (IFFCO) and Krishak Bharati Cooperative Puny (KRIBHCO) in Uttar Pradesh are despatched to Rajasthan, while nutrients made by Chambal Fertilisers are sold in UP. In the same fashion, IFFCO/KRIBHCO fertiliser from UP are sold in Madhya Pradesh, and these manufactured by Nationwide Fertilizers Puny in MP are sold in UP, he acknowledged.
This, Mandaviya acknowledged, ends in an enlarge in freight subsidy. “One Nation, One Fertiliser will discontinue crisscross race of fertiliser for longer distances. This can decrease logistics cost and likewise guarantee availability right by the year,” he acknowledged.
Besides, it also ends in better “practical lead” (distance of a fertiliser receive from source to vacation set), which the authorities targets to bring down, he acknowledged. Mandaviya acknowledged the licensed lead used to be 900-1000 km earlier than 2019, which got here all of the most sensible intention down to 850-900 km in 2019-20, and 700-750 km in 2020-21. Now the authorities targets to bring down the licensed lead below 500 km by imposing the One Nation, One Fertiliser initiative, he acknowledged.
This can additionally fair set freight subsidy, which is in the vary of Rs 6,000 crore to Rs 9,000 crore, the minister acknowledged. He acknowledged the licensed subsidy for race of 1 lakh metric tonnes of fertiliser has come down from Rs 19.03 crore in 2019-20 to Rs 11.59 crore in 2020-21.
The One Nation, One Fertiliser initiative is fraction of the Centre’s fertiliser subsidy design Pradhanmantri Bhartiya Janurvarak Pariyojna (PMBJP). As fraction of this, the authorities also plans to space up Pradhan Mantri Kisan Samridhi Kendra (PMKSK), which is willing to serve as a one-discontinue centre for farmers to fetch entry to services comparable to soil health assessments, he acknowledged.
Sharing runt print of the subsidy, Mandaviya acknowledged the authorities’s recent subsidy accounts for 80 per cent of the price of a urea receive, 65 per cent of DAP receive, 55 per cent of NPK [Nitrogen (N), Phosphorous(P) and Potassium (K)] and 31 per cent of MoP (Muriate of Potash).
Below the new initiative, the quantity of subsidy being given by the authorities and the price payable by farmers will seemingly be talked about on every receive of subsidised fertiliser. In accordance to ministry officers, one-third of the receive’s entrance facet station is currently earmarked for companies to jot down their name and plan their ticket; the final two-third station will seemingly be old to give runt print of the subsidy design.
Mandaviya acknowledged the hot subsidy invoice is estimated to attain Rs 2.25 lakh crore in 2022-23, which is willing to be better than final year’s want of Rs 1.62 lakh crore.