Fertiliser Dept needs Rs 48,051 Cr grant for liabilities & 2020 budget: Minister Gowda

New Delhi: The Union Minister of Chemicals & Fertilisers, D.V. Sadananda Gowda, stated in Parliament yesterday that the Department of Fertilisers has sought Rs. 48,051 Crore in the first batch of supplementary Demand for Grants during 2019-20 to wipe out the carry over liabilities of Rs. 32,488.54 Crore of fertiliser subsidies as on 31 March 2019, and balance Rs. 15,562.46 Crore to meet the additional requirement of funds in 2019-20 on account of lesser budget allocation in respect of indigenous urea and additional import of urea due to gap in assessed requirement of urea and indigenous production.

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The subsidy claims, preferred by companies, are scrutinised as per the policy guidelines and payment procedure notified from time to time. The claims are processed on FIFO (First In First Out) basis subject to availability of funds.

Out of the allocated budget of Rs. 83,466 crore for the year 2019-20, Rs. 28,492.68 crores have been paid in the current financial year i.e. 2019-20 towards carryover liabilities for the year 2018-19. Clearance of remaining backlog dues depends on availability of funds.

This information was given in a written reply by the Union Minister of Chemicals & Fertilisers, D.V. Sadananda Gowda in Rajya Sabha on 6 December.

Ankur Borwankar

Ankur Borwankar is the Founder & Chief Editor of IndusDictum.com

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