Business
Sitharaman cites Rs 2,700 urea subsidy per bag
The Hindu BusinessLine··2 Oct
Finance Minister Nirmala Sitharaman said in Madanapalli on Friday that the Centre is working to raise farmer incomes. She said farmers pay about Rs 300 for a urea bag against an international cost near Rs 3,000, with a Rs 2,700 subsidy. Andhra Pradesh Chief Minister N Chandrababu Naidu outlined a Rs 1 lakh crore Global Horticulture Hub across 5,860 villages.
Prism
What It Means For You
- Sitharaman linked fertilizer access and schemes such as PM-KISAN, GOBARdhan and PM-KUSUM to farm income goals.
- Naidu said horticulture acreage would expand by an additional six lakh acres under the hub plan.
- The Indian School of Agriculture foundation stone was laid with a horticulture hub launch at the same event.
What's Happening
- The Centre and Andhra Pradesh say they aim to develop all 10 districts as a global horticulture centre.
- Naidu pegged Rs 40,000 crore as Central-supported investment and Rs 60,000 crore as private investment.
- Horticulture already generates around Rs 1.5 lakh crore in gross value added, he said.
What The Speeches Emphasised
- Sitharaman tied the event to the birth anniversaries of Mahatma Gandhi and Lal Bahadur Shastri.
- She said global conflicts have not stopped efforts to avoid fertilizer shortages for farmers.
- Naidu argued irrigation and marketing could turn Rayalaseema horticulture into higher farm wealth.
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