Fertilizer Subsidy sees a hike of around Rs. 10,000 crores in Budget 2019-20

Fertilizer Subsidy sees a hike of around Rs. 10,000 crores in Budget 2019-20

Fertilizer Subsidy sees a hike of around Rs. 10,000 crores in Budget 2019-20

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 in Parliament today.

The Fertilizer Subsidy allocations have seen a hike of around Rs. 10,000 crores from Rs. 70,090.35 crores (Budget Estimates 2018-19) to Rs. 79,996 crores (Budget Estimates 2019-20).

Out of this allocation, Urea subsidy comprises of Rs. 53,629 crores and Nutrient based subsidies of Rs. 26,367 crores, as per the Expenditure Profile 2019-20 document in the Budget.