Agriculture News, Farming News, Research, Horticulture
The subsidy approved by the Cabinet for the NBS Rabi-2022-23 will be Rs. 51,875 crores including support for indigenous fertiliser (SSP) through freight subsidy
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The subsidy on P&K fertilisers will be provided based on the NBS rates for Kharif Season -2022 to ensure smooth availability of these fertilisers to the farmers at affordable prices
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The Cabinet Committee on Economic Affairs has approved the increased prices of P&K fertilisers vide notification dated 20.5.2021 shall be rolled over for the whole year 2021-22 from 1.10.2021 to 31.3.2022
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This will enable smooth availability of all P&K fertilisers to the farmers during Rabi season 2021-22 at the subsidised and affordable prices and support the agricultural sector by continuing the present subsidy levels
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Owing to rising raw material cost of DAP, Government of India may review the situation and decide subsidy rates at that point of time. The estimated additional subsidy burden will be around Rs 14,775 crore
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The benefit of price drop in the international market of Regasified Liquefied Natural Gas has been passed on to the farmers by the manufacturing companies
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The quality of fertilisers is governed under the Fertilizer (Control) (Organic, Inorganic and Mixed) Order, 1985 (FCO) provisions
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The Central government has decided to continue nutrient based subsidy and City Compost Scheme till 2019-20.
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