Krishi VaartaKrushak Jagat
Cabinet approves fixation of Nutrient Based Subsidy (NBS) rates for Phosphorous and Potassic (P&K) fertilizers for the year 2020-21
The Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Shri Narendra Modi has given its approval for fixation of Nutrient Based Subsidy (NBS) rates for Phosphorous and Potassic (P & K) fertilizers for the year 2020-21.
 The accepted rates for NBS are as follows: _x000D_ • The CCEA has also approved the inclusion of a complex fertilizer called ammonium phosphate (NP 14: 28: 0: 0) under the NBS scheme._x000D_ • The subsidy on P& K fertilizers during 2020-21 will cost an estimated Rs. 22,186.55 crores._x000D_ • Fertilizer companies will be provided subsidy on P&K at CCEA approved subsidy rates._x000D_ • The government is providing 21 categories of urea and P&K fertilizers at subsidized prices to farmers through fertilizer manufacturers / importers. Subsidy on P&K fertilizers is being provided under the NBS scheme from 01 April 2010. P&K is committed to ensure the availability of fertilizers at an affordable price. According to the rates will be subsidized, in order to provide fertilizer at subsidized prices to farmers, otherwise it would not have been possible._x000D_ Source: - Krishakjagat, 7 May 2020_x000D_ If you find this information is useful to you, like it and share it with your farmer friends._x000D_
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