At the moment, India import urea in addition to phosphatic and potassic (P&Ok) fertilisers to satisfy its home necessities.
Addressing on the event of the 79th Independence Day, Modi stated it is “unlucky” that India depends on fertiliser imports from world markets.
Farmers may shield soil well being by means of even handed use of fertilisers, he stated, including that “indiscriminate use of fertilisers are damaging our soil”.
Additional, Modi additionally referred to as for the youth and the trade to make India self-sufficient in fertiliser sector by enhancing home manufacturing for sufficient provides.”We must always innovate and produce fertilisers as per our wants. We shouldn't be depending on others,” he added.The federal government is offering huge subsidies to for the farmers to get urea, DAP (di-ammonium phosphate) and different fertilisers at an affordable charges.India's urea import stood at 56.47 lakh tonnes in 2024-25 as in opposition to 70.42 lakh tonnes in 2023-24.
Imports of DAP, a key fertiliser, stood at 45.69 lakh tonnes in 2024-25 fiscal as in opposition to 55.67 lakh tonnes in 2023-24.
These fertilisers are offers urea to farmers at a Most Retail Worth (MRP) of Rs 242 per bag of 45 kg bag (unique of prices in the direction of neem coating and taxes as relevant).
The distinction between the MRP and the manufacturing value is given as subsidy to the urea producer/importer.
Urea manufacturing elevated from 225 lakh tonnes throughout 2014-15 to a document 314.07 lakh tonnes throughout 2023-24. Throughout 2024-25, 306.67 lakh tonnes of urea was produced within the nation.
The Centre has applied Nutrient Primarily based Subsidy (NBS) coverage for phosphatic and potassic (P&Ok) fertilisers since April 2010 for non-urea fertilisers.
Beneath this, a hard and fast quantity of subsidy, selected an annual/bi-annual foundation, is offered on notified P&Ok fertilisers relying on their nutrient content material.
The federal government's fertiliser subsidy stood at Rs 1,77,129.50 crore in 2024-25 fiscal.
