NEW DELHI : The Centre will offer a whopping 140 per cent increase in subsidy on fertiliser to offset the price rise in international market, the Prime Minister’s office (PMO) said on Wednesday.
“A historic decision was taken to increase the subsidy for DAP fertiliser from Rs 500 per bag to Rs 1,200 per bag, which is an increase of 140 per cent. Thus, despite the rise in international market prices of DAP, it has been decided to continue selling it at the older price of Rs 1,200 and the Central government has decided to bear all the burden of the price hike. The amount of subsidy per bag has never been increased so much at once,” read an official release.