The Cabinet Committee on Economic Affairs has approved the proposal of Department of Fertilizers to continue Urea Subsidy Scheme upto 2019-20 at a total estimated cost of.....(approx).

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Cabinet Committee on Economic Affairs has approved the proposal of Department of Fertilizers to continue Urea Subsidy Scheme upto 2019-20 at a total estimated cost of____(approx).

A	Rs. 1, 65, 000 crore
B	Rs. 1, 45, 000 crore
C	Rs. 1, 25, 000 crore
D	Rs. 1, 15, 000 crore

Explanation:

Detailed explanation-1: -The government has earmarked Rs 1, 75, 099 crore for fertiliser subsidy in the 2023-24 Budget as against Rs 2, 25, 220 crore in the revised estimate of 2022-23.

Detailed explanation-2: -Total Subsidy Outgo The Subsidy approved by Cabinet for the NBS Rabi-2022 (from 01st October 2022 to 31st March 2023) will be Rs. 51, 875 crore including support for indigenous fertilizer (SSP) through freight subsidy.

Detailed explanation-3: -The government on Wednesday approved a subsidy of Rs 51, 875 crore for phosphatic and potassic (P&K) fertilisers for the second half of 2022-23 as part of efforts to provide affordable soil nutrients to farmers.

Detailed explanation-4: -For next fiscal year, the total subsidies on food, fertilisers and petroleum are estimated to decline by 28 per cent to Rs 3, 74, 707.01 crore from Rs 5, 21, 584.71 crore in 2022-23. Out of this, fertiliser subsidy is estimated to fall to Rs 1, 75, 099.92 crore during 2023-24 from Rs 2, 25, 220.16 crore this fiscal year.

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