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Nutrient Based Subsidy Scheme
May 1 , 2020
1736 days
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- Recently Union government has approved the subsidy for non-urea fertilizers this year to ₹22,186 crores.
- The Cabinet Committee on Economic Affairs also approved the inclusion of ammonium phosphate, under the nutrient-based subsidy scheme.
- Nutrient Based Subsidy (NBS) Scheme is being implemented, since 2010 by the Department of Fertilizers, Ministry of Chemicals & Fertilizers.
- Under NBS, a fixed amount of subsidy decided on an annual basis, is provided on each grade of subsidized Phosphatic & Potassic (P&K) fertilizers depending on its nutrient content.
- The NBS scheme was sought to deregulate subsidy on non-urea fertilizers and expected to reduce the subsidy burden substantially.
- Under the scheme, the fertilizers except urea are to be provided to the farmers at subsidized rates.
- The scheme focuses on secondary nutrients such as N, P, K and S (nitrogen, phosphorus and potassium and sulphur) and also micro nutrients.
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