Govt to announce Rs 500m subsidy to facilitate farmers

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Farmers cast urea fertilizer in a rice plantation on the expropriated and now redistributed farm of El Charcote in the central state of Cojedes October 14, 2010. El Charcote became a symbol of Chavez's socialist revolution when he sent soldiers to seize it in a 2005 push to break up major ranches and repopulate rural areas largely abandoned since Venezuela's oil industry took off in the 1920s. The government recently bought the last 500,000 acres (200,000 hectares) of land on the farm, a vast cattle ranch that until 2005 belonged to one of Britain's wealthiest families, the Vesteys, and 130,000 cattle, part of a new drive by Chavez to increase state control of food in South America's top oil producer. Picture taken October 14, 2010. REUTERS/Carlos Garcia Rawlins (VENEZUELA - Tags: POLITICS ENVIRONMENT AGRICULTURE)

The Punjab government will soon announce a subsidy on potassium fertilisers worth Rs 500 million to facilitate farmers.

According to sources in Punjab’s agriculture department, the government is going to offer Rs 800 subsidy on SOPs (potassium sulphate) per bag and Rs 500 on MPOs (muriate of potassium) per bag.

The farmers will be able to receive the amount from any shopkeeper after showing a code provided on the bags, the sources added.