Government has decided to fast-track the implementation of the direct benefit transfer (DBT) system for payment of fertiliser subsidy to farmers.
From the coming kharif season, beginning June, the Rs 70,000-crore fertiliser subsidy budgeted for 2017-18 will be disbursed to companies based on actual sales to farmers captured on point-of-sale (POS) machines installed at nearly two lakh retail points across India.
This would be a significant change from the current system, where firms are paid the subsidy on receipt of their fertiliser at the railhead point or any approved godown of a district. Prior to this, till October 2012, they were getting the subsidy on despatch of material from their respective factories.
Read more of this in The Indian Express....
