BIO-FERTILIZER PROJECTS LIKELY TO REDUCE INDIA’S FERTILIZER IMPORTS | Amalgamated Plantations Pvt Ltd

Financial assistance through National Bank for Agriculture and Rural Development (NABARD) would be provided by the government for the farmers, towards establishment of bio-fertilizers production units across the country.

In a move to reduce the dependence on imports and further encourage the domestic fertilizer sector, the Government of India (GoI) mulls to promote the use of bio fertilizers across the country.

To this effect, the government has taken various measures for encouraging the farmers, towards usage of bio-fertilizers, informed the Minister of State for Chemicals & Fertilizers, Hansraj Gangaram Ahir, GoI.

Under these measures, the government provides financial assistance for establishment of bio-fertilizers production unit as back ended subsidy, at 25% of total financial outlay up to a maximum of Rs 40 lakh, through National Bank for Agriculture and Rural Development (NABARD).

Besides this, a financial assistance of 50% of cost will also be provided for farmers, for promotion of bio-fertilizer units under Integrated Scheme for Oilseeds, Pulses, Oil Palm and Maize (ISOPOM).

Apart from this, the government is also providing financial support for setting up of production units of organic fertilizers, by encouraging the producers of organic fertilizers, across the country, informed the Minister.

Under National Project on Organic Farming (NPOF), a financial support under credit-linked back-ended subsidy, at 33% of total cost of the project up to Rs 60 lakh per unit, would be provided through NABARD, for setting up of fruit/vegetable waste/agro-waste compost unit.

The government also provides 50% financial support for setting up of vermi-compost units, under National Horticulture Mission (NHM).

In view of the constraints in the availability of the Natural Gas, which is important for production of nitrogenous fertilizers, the government is also encouraging the Indian companies to establish joint ventures abroad and enter into long-term agreements with the countries rich in fertilizer resources, for getting fertilizer supplies and inputs to India.

The countries, with which India made similar agreements in previous years, include Oman, Tunisia, Jordan and Morocco.

These moves by the government come in view of India’s near total dependence, to the extent of 90%, on imports of Phosphatic fertilizer and its raw materials, full dependence on Potash fertilizers.

However, these moves would hopefully reduce the Indian dependence on chemical fertilizers and will start bringing back the traditional Indian agricultural practices aimed at production of chemical-free food products.

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