Krishi VaartaRajasthan Patrika
Balanced use of Urea to bring efficiency in fertiliser industry
The government is anticipating over creating a nutrient-based subsidy (NBS) rate for urea to support balanced fertiliser use and bring effectiveness to the industry.
The NBS program was introduced in 2010 under which a set quantity of subsidy, decided on an annual basis, is given on each grade of subsidized phosphatic and potassic (P&K) fertilizers, except for urea, depending on the nutrient content found in them.
The fixing NBS rate for urea will encourage its balanced use and bring in efficiency in the fertiliser industry by infusing bit of competition. Currently, urea is the only controlled fertiliser and is sold at a statutory notified uniform sale price. Its maximum retail price is fixed at Rs. 5,360 per tonne. It is the most commonly used fertiliser because it is highly subsidised.
India had manufactured 240 lakh tonnes of urea during 2018-19 fiscal and imported 69 lakh tonnes to meet the domestic requirement.
Rajasthan Patrika, 7 June 2019
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