Politics / India
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Spent ₹12 lakh crore on fertiliser subsidy, shielded farmers from global crises: PM in Guwahati
Summary
Prime Minister Narendra Modi emphasized the government's commitment to supporting farmers through substantial fertiliser subsidies, amounting to ₹12 lakh crore. This financial support aims to shield farmers from the adverse effects of global disruptions, including the COVID-19 pandemic and international conflicts.
Modi highlighted that these subsidies ensure that Indian farmers can access fertilisers at affordable prices, despite the rising costs seen in international markets. The government's actions are designed to protect the agriculture sector from volatility and maintain productivity.
The Prime Minister pointed out that while other countries face sharply rising input costs, Indian farmers have been insulated from such burdens due to the government's proactive measures. This approach reflects a broader strategy to stabilize the agricultural economy during challenging global conditions.
Perspectives
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Government Support for Farmers
- Allocates ₹12 lakh crore for fertiliser subsidies
- Ensures affordable access to fertilisers for farmers
- Protects agriculture from global market volatility
- Maintains farmer productivity amid rising costs
- Insulates farmers from burdens seen in other countries
Concerns Over Sustainability
- Raises questions about the sustainability of large subsidies
- Potential long-term economic impacts of dependency on government support
Key entities
Timeline highlights
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The government has allocated ₹12 lakh crore for fertiliser subsidies to support farmers amid global price increases. This initiative aims to maintain affordable access to fertilisers despite rising costs.
- The government has spent ₹12 lakh crore on fertiliser subsidies to shield farmers from global disruptions, ensuring access to affordable fertilisers despite rising costs