OIDF Money to Part-Fund Fertilizer Subsidy in FY26
Why in the news
Officials said the government will tap the Oil Industry Development Fund (OIDF) for the first time to help pay the FY 2025-26 fertilizer subsidy.
Key facts
- ₹23,000 crore is shown in the FY26 Budget as net extra resources from reserve funds.
- Reserves involved: OIDF, Agriculture Infrastructure and Development Fund, Universal Service Obligation Fund.
- Oil cess receipts flow into the OIDF.
Significance
- Aims at fiscal transparency and a slight cut in the fiscal deficit.
- The fund stays fungible but is now aimed at fertilizer support.
Exam angle
- Fund in focus: OIDF; amount: ₹23,000 crore.