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From June, fertiliser cos to get subsidy after PoS retail sale

From June, fertiliser cos to get subsidy after PoS retail sale

Monday, April 3, 2017, 4:54 PM

Moving a step closer to introduce DBT in fertiliser sector, the government has decided to pay from June-onwards fertilizer-subsidy to manufacturers only after sale of soil nutrients via PoS devices at retail level. The move will help reduce the government's fertilizer-subsidy bill by up to 20% through plugging diversion and leakages. The Centre has provided over Rs 70,000 crore for subsidy-payment for this fiscal.
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