The Cabinet accorded approval for the proposals
of the Department of Fertilizers for fixation of rates of Nutrient
Based Subsidy (NBS) for the year 2012-13, w.e.f 1st April 2012. It has
approved per Kg NBS rates of fertilizer nutrients namely Nitrogen (N),
Phosphate (P), Potash (K) and Sulphur (S)for the financial year 2012-13
at Rs. 24, Rs. 21.804, Rs. 24 and Rs. 1.677 respectively. Accordingly,
the subsidy on Di-Ammonium Phosphate (DAP) and Muriate of Potash (MOP)
would be Rs. 14350 PMT and Rs. 14440 PMT, respectively. The per Metric
Tonne subsidy on other P&K fertilizes covered under the Nutrient
Based Subsidy Policy shall be as per the nutrient content in that grade.
At the announced rate, total subsidy outgo for the P&K fertilizers for the financial year 2012-13 would be reduced by more than 20%. The total subsidy outgo for P&K fertilizers for 2012-13 will depend on the overall consumption of fertilizers in the year 2012-13.
All farmers in the country will be the beneficiaries.
Background
The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per NBS Policy, the Government of India announce NBS rates for various nutrients for P&K fertilizers covered under the policy before the start of financial year.
This is to make P&K fertilizers available at a price lower than its delivered cost. These subsidized fertilizers would be available to all the farmers of the country. It is expected that farmers will make optimum use of fertilizers in order to increase the productivity of soil thereby ensuring food security.
At the announced rate, total subsidy outgo for the P&K fertilizers for the financial year 2012-13 would be reduced by more than 20%. The total subsidy outgo for P&K fertilizers for 2012-13 will depend on the overall consumption of fertilizers in the year 2012-13.
All farmers in the country will be the beneficiaries.
Background
The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per NBS Policy, the Government of India announce NBS rates for various nutrients for P&K fertilizers covered under the policy before the start of financial year.
This is to make P&K fertilizers available at a price lower than its delivered cost. These subsidized fertilizers would be available to all the farmers of the country. It is expected that farmers will make optimum use of fertilizers in order to increase the productivity of soil thereby ensuring food security.
