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Mansukh Mandaviya’s Plan to End Urea Imports by 2025

Mansukh Mandaviya Plan to End Urea Imports by 2025
  • India aims to halt urea imports by the end of 2025 by boosting domestic production and promoting alternative fertilizers. This is in response to the nation’s significant reliance on imports, which currently satisfy around 30% of its annual urea demand.
  • Urea production has risen steadily, reaching 284.95 lakh tonnes in 2022-23.
  • Despite this, 30% of demand is still met through imports, with key sources being Oman, Qatar, Saudi Arabia, and the UAE.
  • The PM-PRANAM scheme, launched in 2023, incentivizes states and UTs to promote alternative fertilizers and balanced fertilizer usage.
  • The government heavily subsidizes fertilizers, with Rs 1.64 lakh crore allocated for fertilizer subsidy in 2024-25.
  • Urea is provided to farmers at a statutorily notified Maximum Retail Price (MRP) under the Urea Subsidy Scheme (USS), while other fertilizers operate under the Nutrient Based Subsidy Policy.
     

 

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Published date : 06 Apr 2024 05:41PM

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