India’s Finance Minister in her budget speech told that the country’s fertiliser subsidy budget for the fiscal year 2023–24, which is Rs. 175103.17 Crores and 22% less than the previous fiscal year (FY’2022-23) i.e.Rs. 225222.32 Crores.
The urea subsidy budget for FY 2023–24 is Rs. 131099.92 crore, which is 14.9% less than last year’s subsidy amount of Rs. 154097.93 crore.
The total nutrient-based subsidy budget for P&K fertilisers is Rs. 44,000 crores, which is 38% less than the subsidy budget from the previous year, which was Rs. 71122.23 crores.
To know more, please see attached statement…..