The government has allocated nearly ________ for fertilizer subsidies in the 2021-22Budget.

Correct option is A

Correct Answer: A) ₹79,600 crore

In the Union Budget 2021–22, the Government of India allocated ₹79,600 crore for fertilizer subsidies. This was done to ensure the availability of affordable fertilizers to farmers and support agricultural productivity, especially during the pandemic recovery phase.

• Fertilizer subsidies help farmers purchase urea and other fertilizers at lower-than-market prices.

• The government compensates fertilizer companies for the price difference.

• The subsidy includes support for urea (nitrogenous) and nutrient-based (P&K) fertilizers.

• This allocation was a slight reduction from the revised estimate of ₹1.33 lakh crore in FY 2020–21, which had spiked due to COVID-19.

• The scheme aims to ensure timely availability of fertilizers to farmers across India.