Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic and Potassic fertilisers (P&K) for the year 2021-22.
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.
The total amount of rollover will be 28,602 crore rupees and a special one-time package of additional subsidy on Di-Ammonium Phosphate (DAP) at a tentative cost of 5,716 crore rupees has also been provided. The net subsidy required for the rabi season for 2021-22 will be 28,655 crore rupees after deducting savings.
The CCEA also approved the inclusion of Potash derived from Molasses under the Nutrient Based Subsidy Scheme.
It will give 438 rupees per bag benefit on Di-Ammonium Phosphate (DAP) and 100 rupees per bag benefit on NPK grades so as to maintain prices of these fertilizers affordable to the farmers.