HomeNewsBusinessEconomyExclusive: Govt to set up inter-ministerial committee for Urea Gold pricing, subsidy: Source

Exclusive: Govt to set up inter-ministerial committee for Urea Gold pricing, subsidy: Source

The sulphur coated urea is likely to be approved by the Union Cabinet soon, a government official said.

June 21, 2023 / 13:35 IST
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Urea
The Centre provides urea at a highly subsidised price of Rs 266 per bag of 45 kg to farmers for which it bears subsidy burden of about Rs 2,500.

The government is mulling to constitute a high level inter-ministerial committee to decide on the various aspects of Urea Gold i.e. sulphur coated urea, including pricing and subsidy criteria, which is likely to be made available to the farmers by rabi season (winter crops), a government official said.

The sulphur coated urea is likely to be approved by the Union Cabinet soon, he added, following which the inter-ministerial committee will be formed.

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“It is still to be decided if sulphur coated urea will come under urea subsidy or PNK subsidy. A steering committee will be formed to decide criteria for subsidy, pricing and bag size, etc. Urea Gold will be approved by the cabinet soon,” the official told Moneycontrol.

Urea coated with sulphur helps in slow release of nitrogen, therefore increasing its availability and uptake. Gold urea has added humic acid to enhance longevity of the fertiliser. It will substitute urea consumption and also reduce fertiliser use. It is said that 15 kg of Urea Gold is comparable to 20 kg of conventional urea.