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Modi Govt's commitment to reduce burden of fertilizer prices on farmers

Published By : Admin | May 17, 2023 | 15:58 IST
Move to ensure availability of fertilizers to farmers at subsidized, affordable and reasonable prices

The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the proposal of the Department of Fertilizers for revision in Nutrient Based Subsidy (NBS) rates for various nutrients i.e. Nitrogen (N), Phosphorus (P),Potash (K) and Sulphur (S) for Rabi Season 2022-23 (from 01.01.2023 to 31.03.2023) and approved NBS rates for Kharif Season, 2023 (from 1.4.2023 to 30.09.2023) for Phosphatic and Potassic (P&K) fertilizers.

The Subsidy on P&K fertilizers is governed by NBS Scheme w.e.f. 01.04.2010. Government has approved revision in the NBS rates for Rabi 2022-2023 effective from 01.01.23 to 31.03.2023 and approved the NBS rates for Kharif, 2023 (from 01.04.2023 to 30.09.2023) to make available 25 grades of Phosphatic and Potassic (P&K) fertilizers to farmers at subsidized prices.

Government will be providing a subsidy of Rs. 38,000 crores for the Kharif 2023 to fulfil its commitment of providing quality and subsidized P&K fertilizers to farmers.

The Cabinet decision will have the two-fold benefit of ensuring availability of DAP and other P&K fertilizers to farmers at subsidized, affordable and reasonable prices during Kharif season and will also ensure rationalization of subsidy on P&K fertilizers .

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PM pays homage to Parbati Giri Ji on her birth centenary
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 Paying homage to Parbati Giri Ji on her birth centenary. She played a commendable role in the movement to end colonial rule. Her passion for community service and work in sectors like healthcare, women empowerment and culture is noteworthy. Here is what I had said in last month’s… https://t.co/KrFSFELNNA

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