Nearly two months after proposing an overhaul in the fertilizer subsidy policy, the government has constituted a Group of Ministers under Finance Minister Pranab Mukherjee to suggest ways to shift to the new regime and to provide subsidy directly to farmers.
Budget 2009-10 had announced moving towards a regime where subsidy would be granted on fertilizer nutrients instead of the current practice of providing dole-out on prices of fertilizers.
It also proposed that fertilizer subsidy be provided directly to the farmers as a long-term goal.
"A GoM has been constituted under the chairmanship of Pranab Mukherjee to look into all aspects of nutrient-based subsidy," a top government official told in New Delhi.
The GoM will decide on when to shift to the new subsidy regime and also the time frame for moving to the system of granting fertilizer dole-out directly to farmers, he added.
MORE RELATED NEWS
TOP STORIES
POLL
Do you think that Anna Hazare's Jan Lokpal bill will be able to contain rampant corruption in India?
