Food and fertilizer subsidies account for more than 50 per cent of the Union Budget for the rural and agrarian sector in FY25, highlighted a report by the Indian Council for Research on International Economic Relations (ICRIER).
The report noted that in the Union Budget document for 2024-25, the central government has allocated Rs. 6.2 trillion for the agriculture sector, which constitutes 13 per cent of the overall budget of Rs. 48.2 trillion in FY25.
Out of this, the food subsidy allocation accounts for 30 per cent of the entire agrarian budget, amounting to Rs. 2,05,250 crores. The fertilizer subsidy accounts for 24 per cent of the agriculture budget, with an allocation of Rs. 1,64,000 crores.
Suspendisse turpis ipsum, tempus in nulla eu, posuere pharetra nibh. In dignissim vitae lorem non mollis. Praesent pretium tellus in tortor viverra condimentum. Nullam dignissim facilisis nisl, accumsan placerat justo ultricies vel. Vivamus finibus mi a neque pretium, ut convallis dui lacinia. Morbi a rutrum velit. Curabitur sagittis quam quis consectetur mattis.