GoI will make available urea and 22 grades of P&K fertilizers to farmers at subsidised prices through fertilizer importers
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the proposal of the Department of Fertilizers for fixation of nutrient-based subsidy rates for P&K Fertilizers for the year 2021-22 (till the present season). The approved rates for NBS effective from the date of notification shall be as under:
Per Kg Subsidy rates (in Rs)
| |||
N (Nitrogen)
| P(Phosphorus)
| K(Potash)
| S(Sulphur)
|
18.789
| 45.323
| 10.116
| 2.374
|
The Government of India is making available fertilizers, namely urea and 22 grades of P&K fertilizers (including DAP) to farmers at subsidised rates through fertilizer manufacturers/ importers. The subsidy on P&K fertilizers is being governed by the NBS Scheme w.e.f. 01.04.2010. In accordance to its farmer-friendly approach, the government is committed to ensuring the availability of P&K fertilizers to the farmers at affordable prices. The subsidy is released to fertilizer companies as per NBS rates so that they can make available fertilisers to farmers at affordable prices.
In the last few months, the international prices of raw materials of DAP and other P&K fertilisers have increased sharply. Prices of finished DAP etc. in the international market have also increased. DAP prices in India were initially not increased by the companies however, some companies increased the DAP price in the beginning of this financial year.
Accordingly, as a first step, the government has already directed all the fertilisers companies to ensure the sufficient availability of these fertilizers in the market for farmers. Considering the crisis of pricing of DAP in India as an extraordinary situation and distress for the farmers, Gol has increased the subsidy rates under NBS Scheme as a special package for farmers in such a way that MRP of DAP (including other P&K fertilizers) can be kept at the last year’s level till the present kharif season.
