Prime Minister Shri Narendra Modi during his Independence Day speech at Red Fort said that the government allocated Rs 10 lakh crore as urea subsidy for farmers. He said, “To give urea that costs Rs 3,000 per bag globally at a cheaper rate of Rs. 300 per bag to farmers, the government allocated Rs 10 lakh crore as urea subsidy.”
The PM informed the nation from Red Fort that bags of urea which are sold at Rs. 3,000 in some global markets are being given to farmers at not more than Rs. 300. “The bags of urea that are sold for Rs. 3,000 in some global markets, now the Government provide to our farmers for Rs. 300, and hence the government is providing a subsidy of Rs. 10 lakh crores on urea for our farmers.”
Disclaimer: This is an official press release by Pib.