DBT Direct Benefit Transfer Fertilizer subsidy scheme registration | fertilizer subsidy in India | how to get subsidy on fertilizer
DBT Direct Benefit Transfer: The Union Finance Minister Nirmala Sirtharaman is all set with proposals for Budget for Financial Year 2022. She goals at offering economic development to the pandemic struck nation. Finally, the hopes for a better and distress free year shine for farmers. Reportedly, more advantages of the Direct Benefit Transfer or the DBT scheme will be introduced for the year 2022. Fertilizer Subsidy Scheme, if efficiently executed will show to be a big success to the farmers in the nation. To know more about DBT and its features, read the following article.
DBT Direct Benefit Transfer Fertilizer Subsidy Scheme
The Department of Fertilizers began the pilot undertaking of Direct Benefit Transfer in 2016. This undertaking aimed at offering financial help to farmers throughout the buy of fertilizers. It is very troublesome for the farmers to spend the cash equalizing the manufacturing cost of fertilizers. Hence, the central government offers subsidies and reduces the cost of fertilizers for the farmers. Earlier, the producers acquired 80-90% after forwarding the merchandise to the district railheads. The government paid the remaining quantity after the farmers buy fertilizers from the retail retailers. This resulted in the scope of dishonesty when the farmers were requested to pay more than what they really had to pay.
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In order to scale back this drawback, the government is expected to replace the Direct Benefit Transfer Scheme. 100% subsidy will be given to the manufacturing firms primarily based on the gross sales. This will digitalize the entire procedure lowering the threat of corruption.
Highlights of DBT Fertilizer Subsidy Scheme
|Name of the Scheme||Direct Bank Transfer|
|Department||Department of Fertilizers|
|Ministry||Ministry of Chemicals and Fertilizers|
|Category:||Central Government Scheme|
|Aim||To provide subsidies for fertilizer buy to the producers in order to financially assist the farmers|
|Expected Update||100% subsidy only after the farmers buy the product from retail retailers|
|Expected Financial Year||2022|
Objective of Framer Fertilizer Subsidy
The central objective to replace the scheme in the Financial year 2022 will be to scale back the function of mediators in the costings. Earlier with a bifurcated payment system, the intermediaries were ready to promote fertilizers at charges higher than those set by the government. This resulted in a decreased profit to the farmers and unjust earnings of the brokers. Hence, now when the producers will get 100% subsidy quantity after registered buy of fertilizers from the farmers, the entire system will be digitalized. This will also ensure that agricultural labourers buy fertilizers strictly at proper charges. Additionally, the government will get a document of the farmers who are benefiting from the subsidy.
DBT Direct Benefit Transfer Fertilizer Subsidy Scheme Features
The system moved in a means where 80-90% of the subsidy quantity was disbursed to the producers once they dispatched the fertilizers to the decrease degree market brokers. Once the retailers bought the fertilizers to the farmers who were eligible for the subsidy, they obtained the remaining account. This by some means resulted in a decreased market response ratio and also, much less effectivity.
The subsidy outgo was more however the reception was much less. Moreover, it was not assured that the farmers were ready to get the proper profit and that all farmers were benefitting. Now, reportedly the risk is that 100% quantity will be given to the producers only after the farmers get the fertilizers.
A digitalized system might be followed. The POS or Point of Sales gadgets will be set up in every retail store which will document the quantity of fertilizer bought, the details of the farmer who purchased the fertilizer and the cash paid. This knowledge will then be acquired by the government in a digital mode.
Considering this document, the government will switch the subsidy funds to the producer firm. The government will only have to pay the real quantity of the subsidy that is for the farmers.
This subsidy is nevertheless completely different from the Cooking Gas Subsidy. In the cooking gasoline subsidy, the beneficiaries obtain the subsidy however here the subsidy will be issued for the profit of the farmers.
But, the manufacturing firm will obtain the subsidy quantity. The farmers will proceed getting financial help from the PMKSN scheme and get the further advantages from the subsidy at the time of fertilizer buy. The details like time of sale, purchaser, amount aadhar number, land data, the well being of the soil and the biometrics proof through the aadhar card will be captured in the POS gadget.
The info will be counterchecked from the PMKSN details and the same details will be referred to at the time of subsidy allotment.
Another characteristic of the DBT scheme is SMS. The Short Message Services will ship an digital receipt and bill to the farmers for their buy of fertilizer. This system was launched on thirtieth November 2020. The consumers obtain the details of their current buy and will also get notifications relating to the availability of the product at the retailer store on the foundation of their last buy. In case farmers are unable to obtain the notifications, they can easily textual content the retailer ID to +91 7738299899,
Importance of Subsidy
Both urea-based and non-urea-based fertilizers cost a lot. The farmers cannot afford such costly necessities and therefore need the support of the government.
For instance, the cost of the neem-coated urea is fastened at Rs. 5,922.22 per tonne however the precise cost averages between Rs. 17,000 and Rs. 23,000 relying upon the cost payable to the producers and importers. The distinction between the two quantities is lined by the government.
This distinction is recognized as a subsidy. It is supplied in addition to the financial support under PM Kisan Samman Nidhi. This profit is supplied to every farmer who requires support for fertilizer buy.
Application Procedure of DBT Direct Benefit Transfer
how to get subsidy on fertilizer
The details of the farmers registered for PM Kisan Samman Nidhi will be referred at the time of registration. The Aadhar card is not obligatory however is most well-liked since it will ease the biometrics procedure. The farmers will not have to pay the precise quantity and neither the quantity higher than that set by the government. The fertilizers will be available to them at a sponsored quantity and the subsidy will be paid to the producer once the farmers buy the fertilizers.
Additional details to this scheme are available at the fert.nic.in portal. The last info relating to the improve is expected in the budget of the financial year 2022 by the Union Finance Minister Nirmala Sitharaman.
The latest info will be continuously updated in this article. The readers can frequently check for more information.
Any queries to this scheme can be put down in the remark field and our staff will strive their greatest to reply them.