FM broadcasts Rs 65,000-cr fertilizer subsidy for farmers in Aatmanirbhar 3.0 | Financial system Information

FM announces Rs 65,000-cr fertilizer subsidy for farmers in Aatmanirbhar 3.0

New Delhi: Finance Minister Nirmala Sitharaman on Thursday introduced a Rs 65,000-crore fertilizer subsidy for farmers as a part of her stimulus bundle to spice up the financial system.

She stated Rs 65,000 crore is being offered to make sure sufficient availability of fertilisers to farmers and to allow well timed accessibility of fertilisers within the upcoming crop season.

She stated a further outlay of Rs 10,000 crore will likely be offered for PM Garib Kalyan Rozgar Yojana within the present monetary 12 months.

This, she stated, will speed up development of the agricultural financial system.

Sitharaman additional stated, Rs 3,000 crore will likely be launched to EXIM Financial institution for promotion of ‘Mission Exports’ by traces of credit.

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EXIM Financial institution extends traces of credit (LOC) on behalf of the federal government of India as help to growing nations beneath Indian Growth and Financial Help Scheme (IDEAS) Scheme.