‘Farmers Won’t Bear Extra Burden’: Vaishnaw On ₹62,370 Crore Fertiliser Subsidy

Union Minister Ashwini Vaishnaw has announced a ₹62,370 crore fertiliser subsidy provision for NPK and sulphur-based nutrients, saying the government will absorb the financial burden amid rising global prices. He said farmers will continue to receive DAP at the existing rate of ₹1,350 per bag, with no additional burden on them. Vaishnaw also announced a five-year extension and strengthening of the Mudra loan scheme, which supports micro-enterprises and young entrepreneurs. The announcements came after the Union Cabinet meeting in Delhi. Watch the minister’s briefing for details on the decisions and their implications for farmers and small businesses.