Business & Economy

CCEA modifies procedure for release of fertilizer subsidy by Department of Fertilizers

NetIndian News Network

New Delhi, October 11, 2012

The Cabinet Committee on Economic Affairs (CCEA) today approved that the payment of fertilizer subsidy to companies will be based on the receipt of fertilizers and the acknowledgement of receipts of fertilizers by the retailers (last point of sale of fertilizers). 

The acknowledgement of the receipt will be tracked on the ICT enabled mobile Fertilizer Monitoring System (mFMS) and the Fertilizer Monitoring System (FMS). 
A part of the subsidy will be paid on receipt of fertilizers in the district to the companies, an official press release said. 
The CCEA further approved that the Department of Fertilizers will also carry out a pilot in 10 districts for information visibility on sale of fertilizers to the farmers. 
This will also be tracked through ICT enabled tools, and identification of the farmers will be done through the Kisan Credit Card, Aadhaar No., Bank account number, and so on.
The pilot will be started by the end of this year, the release added.