Cabinet approves Nutrient Based Subsidy for RABI season

  • Phosphatic and Potassic (P&K) fertilizers.
  • An expenditure of Rs.22,303 crore is expected.

Benefits:

  • Availability of fertilizers to farmers at subsidized, affordable and reasonable prices
  • Rationalization of subsidy on P&K fertilizers given recent trends in the international prices of fertilizers and inputs (Urea, DAP, MOP and Sulphur).

Background:

  • Government is making available 25 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers.
  • The subsidy on P&K fertilizers is governed by the NBS Scheme w.e.f 01.04.2010. 
Posted in Current Affairs.