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'Farmers should be given production-linked incentives instead of fertilizer subsidy', Montek suggests to the government
PLI Scheme for Farmers: Former Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that instead of supporting specific inputs like fertilizers, it is necessary to directly deliver the benefits of subsidy to the farmers. He said that fertilizer subsidy is not only benefiting the fertilizer industry but also harming the health of the soil due to excessive use. Let's know what Ahluwalia said next.
Instead of giving fertilizer subsidy, the government should bring a production-linked incentive (PLI) scheme for farmers because, instead of benefiting farmers from this, the fertilizer subsidy has been suggested by Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission during the tenure of former Prime Minister Manmohan Singh.
In an exclusive conversation, Ahluwalia told ANI that instead of supporting certain inputs like fertilizers, it is time to directly deliver the benefits of subsidy to the farmers. He also pointed out that fertilizer subsidies are not only benefiting the fertilizer industry but also harming soil health due to excessive use.
"Many agricultural economists believe that instead of spending large sums on fertilizer subsidies, we can give farmers production-linked incentives. At the very least, we should stop subsidizing only one input, as this creates distortions," he said.
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