<h1>Cabinet Approves Rs. 14,500 Crore Special Banking Arrangement to Clear 2013-14 Fertilizer Subsidy Claims.</h1> The Cabinet Committee on Economic Affairs approved the Special Banking Arrangement (SBA) for Rs. 14,500 crore to address outstanding fertilizer subsidy claims for 2013-14. This measure aimed to assist fertilizer companies facing liquidity issues due to delayed subsidy payments. The government provides subsidies for fertilizers like Urea and various Phosphatic and Potassic fertilizers, which are distributed to farmers at reduced prices. The SBA, facilitated through a consortium of nationalized banks, allowed these companies to secure loans with the Ministry of Finance's approval. The loan, along with Rs. 169.33 crore in government interest, was repaid from the 2014-15 budget estimates.