Trade and markets
 

Detail

Area
India
Commodity Group
Rice
Commodity
All
Date
12/08/2015
Policy Category
Production
Policy Instrument
Production support
Description
Decided to implement the diesel subsidy scheme and raise ceilings on seed subsidies, as part of its efforts to aid farmers coping with damages incurred as a result of rainfall deficits. According to the decision, INR 1 billion (USD 15 million) are to be allocated to provide a 50 percent subsidy on diesel costs to farmers in areas affected by unseasonable dryness, for up to 2 ha per farmer and until 30 September 2015. Ceilings on seed subsidies will instead be raised by 50 percent to Rupees 1 500–7 500 (USD 23–113) per 100 kilograms, valid through 31 December 2015.
Notes
Exchange rate as of 15 September 2015.