Bio-fertilizer projects likely to reduce India's fertilizer imports
The Dollar Business Bureau In a move to reduce the dependence on imports and further encourage the domestic fertilizer sector, the Government of India (GoI) mulls to promote the use of bio fertilizers across the country. To this effect, the government has taken various measures for encouraging the farmers, towards usage of bio-fertilizers, informed the Minister of State for Chemicals & Fertilizers, Hansraj Gangaram Ahir, GoI. Under these measures, the government provides financial assistance for establishment of bio-fertilizers production unit as back ended subsidy, at 25% of total financial outlay up to a maximum of Rs 40 lakh, through National Bank for Agriculture and Rural Development (NABARD). Besides this, a financial assistance of 50% of cost will also be ...
