The existing NBS subsidy was Rs 27,500 crore in FY 2020-21 which has been increased to Rs 42,275 crore in FY 2021-22
Union Finance & Corporate Affairs Minister Nirmala Sitharaman recently announced a slew of measures to provide relief to diverse sectors affected by the second wave of the COVID-19 pandemic. The measures announced also aim to prepare the health systems for emergency response and provide the impetus for growth and employment. Union Minister of State for Finance & Corporate Affairs Anurag Singh Thakur; Finance Secretary Dr TV Somanathan; Secretary, DFS, Debashish Panda and Secretary, Revenue, Tarun Bajaj were present during the announcement of the relief package.
Sitharaman announced an additional subsidy to farmers for DAP and P&K fertilisers. The existing NBS subsidy was Rs 27,500 crore in FY 2020-21 which has been increased to Rs 42,275 crore in FY 2021-22. Thus, the farmers will benefit by an additional amount of Rs 14,775 crore. This includes Rs 9,125 crore additional subsidy for DAP and Rs 5,650 crore additional subsidy for NPK based complex fertiliser.
