How does nutrient based subsidy work?

In accordance to its farmer friendly approach, the Government is committed to ensure 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 fertilizers to farmers at affordable price.

What is the nutrient based subsidy for nitrogen in 2021?

The approved rate for Nutrient Based Subsidy (NBS) in case of Nitrogen has been fixed at 18.789 rupees per kilogram, for Phosphorus it is 45.323 rupees per Kg, for Potash 10.116 rupees per Kg and 2.374 rupees per Kilogram for Sulphur.

What is your view on nutrient based subsidies?

Nutrient Based Subsidy (NBS) Programme for Fertilizers was initiated in the year 2010. Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade of subsidized Phosphatic and Potassic (P&K) fertilizers, except for Urea, based on the nutrient content present in them.

Which of the following nutrients are covered under the nutrient based subsidy scheme?

The subsidy given to the companies is fixed annually on the basis of its nutrients content (i.e. Nitrogen, Phosphate, Potash and Sulphur).

How do you use fertilizer subsidy?

After proper verification of the Aadhar card, the amount will get transferred to the bank account by the fertilizer companies same as in LPG….Framework of this scheme:-

Scheme	Fertilizer Subsidy scheme
Official portal	fert.nic.in
Status	Fertilizer Subsidy directly to farmers
Check online	Fertilizer Subsidy online Status

How do you get a subsidy on fertilizer?

A voucher has been provided in each fertilizer bag, the registered farmers of Punjab can get subsidy by sending hidden voucher number along with CNIC to the short code 8070 and can collect subsidy from the designated Branchless Banking Operator Franchise.

What is new pricing scheme?

The Modified scheme provided incentives to the domestic urea manufacturers, encouraged investment in urea production sector, reduced urea imports. It mainly aimed to achieve self-sufficiency in urea production. However, the scheme could not be implemented due to its ambiguous language.

What is the meaning of fertilizer subsidy?

What is fertiliser subsidy? Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them.

How do subsidies work?

Subsidy refers to the discount given by the government to make available the essential items to the public at affordable prices, which is often much below the cost of producing such items. Specific entities or individuals can receive these subsidies in the form of tax rebate or cash payment.

Is urea under nutrient based subsidy?

Under the current scheme, the MRP of Urea is fixed but the subsidy can vary while MRP of DAP is decontrolled (i.e subsidy is fixed but the MRP can vary). All Non-Urea based fertilisers are regulated under Nutrient Based Subsidy Scheme.

What is subsidized fertilizer?

The government on Wednesday sharply raised subsidy on a key fertilizer to protect farmers from the impact of the commodity’s price rise in global markets. The subsidy to farmers on diammonium phosphate (DAP) has accordingly been stepped up from ₹500 a bag to ₹1200 a bag.

How do farmers get subsidy on fertilizer?

The government has come up with a scheme named Direct Benefit Transfer systems in fertilizers. Under this scheme, the farmers will get the subsidy amount directly in their bank accounts for the purchase of fertilizers. This is truly an excellent initiative taken for farmers by the government.

How does nutrient based subsidy ( NBS ) scheme work?

Under the scheme, a fixed amount of subsidy, based on the nutrient content present in them is provided on each grade of subsidized Phosphatic and Potassic (P&K) fertilizer except Urea. It was expected that the NBS scheme will control farmers from applying too much urea containing only nitrogen.

Is there cap on fertiliser subsidy under NBS?

Context: Cap on subsidised fertiliser under nutrient-based subsidy (NBS) only addresses issue of its diversion, doesn’t fix overuse by farmers. What is nutrient-based subsidy (NBS) regime for fertilisers?

Why is urea yet not under nutrient based subsidy scheme?

Why is Urea yet not under the Nutrient Based Subsidy Scheme? As per the latest news, the Indian Government is expected to include urea under the NBS before rolling out the Direct Cash Transfer (DCT) of urea subsidy in farmers’ accounts. Soil health and size of landholdings will be considered to fix the subsidy rate of urea.