Govt. approves bouquet of schemes for Farmers with an outlay of Rs 3,70,128 Crore

TIL Desk/Business/New Delhi/ The Union Cabinet on Wednesday approved a package of innovative schemes for farmers with a total outlay of Rs 3,70,128.7 crore. The bouquet of schemes focusses on economic betterment of farmers by promoting sustainable agriculture, Information and Broadcasting Minister Anurag Thakur told mediapersons.

He said that the cabinet approved continuation of the urea subsidy scheme, under which Rs 3,68,676.7 crore has been committed for urea subsidy for three years i.e. from 2022-23 to 2024-25. The continuation of the urea subsidy scheme would ensure constant availability of urea to the farmers at the same price of Rs 242 for a 45 kg bag excluding taxes and neem coating charges. 

Meanwhile out of the package’s total outlay of Rs 3,70,128.7 crore,  Rs 1,451 crore have been approved for market development assistance (MDA) scheme to exemplify model of wealth from waste. Under MDA, Parali and organic manure from Gobardhan plants would be used to enrich the soil and keep the environment safe and clean, Chemical and Fertiliser Minister Mansukh Mandaviya told reporters.