Nutrient Based Subsidiary P&K Fertilizer Approved

  • The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the proposal of the Department of Fertilizers for setting NBS rates for KHARIF Season, 2024. 
  • The proposed rates will be based on Phosphatic and Potassic (P&K) fertilizers and will include three new fertilizer grades under the NBS scheme. 
  • The tentative budgetary requirement for Kharif season 2024 is approximately Rs.24, 420 Crore. 
  • The new fertilizer grades will promote balanced soil health and provide alternatives to fortified micro-nutrient-rich fertilizers. 
  • The subsidy on P&K fertilizers will be provided based on approved rates for Kharif 2024. 
  • The government is committed to ensuring the availability of P&K fertilizers at affordable prices.
Posted in Current Affairs.