MDA scheme to cut 96 lakh tons chemical fertilizer imports, reap benefits of Rs 11,000 cr: IBA
Economictimes
2023.07.16
The Market Development Assistance (MDA) Scheme will increase organic fertilizers production from Gobardhan Plants and will cut 96 lakh tonnes chemical fertiliser import and reap benefits worth Rs 11,000 crore, according to Indian Biogas Association (IBA). Earlier in June this year, the Cabinet Committee on Economic Affairs had approved the Rs 1,451-crore MDA scheme, which consists of innovative incentive mechanisms for the restoration, nourishment, and betterment of mother earth.
As per an ICAR study, biofertilizers can improve crop yields by 10 to 25 per cent and supplement costly chemical fertilisers (N, P) by nearly 20 to 25 per cent in most cases, when used along with the chemical fertilisers.
Considering the storage, handling, and distribution of liquid fermented organic manure, the value of GHG reduction (CO2, CH4, and N2O reduction), the value of reduced N-eutrophication of ground water, savings related to organic waste treatment, and the value of improved organic fertiliser, apart from the direct benefit of biogas, every rupee contributed from the government side to support biofertilizer will give around eight to ten times the return, it said..
The Market Development Assistance (MDA) Scheme will increase organic fertilizers production from Gobardhan Plants and will cut 96 lakh tonnes chemical fertiliser import and reap benefits worth Rs 11,000 crore, according to Indian Biogas Association (IBA). Earlier in June this year, the Cabinet Committee on Economic Affairs had approved the Rs 1,451-crore MDA scheme, which consists of innovative incentive mechanisms for the restoration, nourishment, and betterment of mother earth.
As per an ICAR study, biofertilizers can improve crop yields by 10 to 25 per cent and supplement costly chemical fertilisers (N, P) by nearly 20 to 25 per cent in most cases, when used along with the chemical fertilisers.
Considering the storage, handling, and distribution of liquid fermented organic manure, the value of GHG reduction (CO2, CH4, and N2O reduction), the value of reduced N-eutrophication of ground water, savings related to organic waste treatment, and the value of improved organic fertiliser, apart from the direct benefit of biogas, every rupee contributed from the government side to support biofertilizer will give around eight to ten times the return, it said..
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