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Cabinet spokesperson and Minister of Transport, Highways and Mass Media Dr Bandura Gunawardhana yesterday said the cabinet has decided to increase the subsidy amount for buying fertilizer for paddy cultivation to Rs 25,000 from the rice season 2024. The minister said it has been decided to remit a fiscal subsidy of Rs 50,000 for two hectares into farmers’ accounts.
The minister made the remarks at a press conference held at the Government Information Department to inform about the decisions taken at this week’s Cabinet meeting.
The minister further said that earlier it had been decided to increase the subsidy on fertilizer from Rs 10,000 to Rs 15,000 from the next Maha season. But considering the proposal of the agriculture minister to increase the amount to Rs 30,000 and the current financial situation, the cabinet and President Ranil Wickremesinghe agreed to increase the subsidy on purchase of fertilizer to Rs 25,000, the minister said.
Posts Fertilizer subsidy increased to Rs 50,000 First appeared in Daily News.
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