Author: sharigeoghegan
Cabinet approves Nutrient Based Subsidy (NBS) rates for Phosphatic & Potassic (P&K) Fertilisers for the year 2021-22 (from 1st October, 2021 to 31st March, 2022)
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for P&K Fertilizers for the year 2021-22(from 1st October, 2021 to 31st March, 2022).The approved rates for Nutrient Based Subsidy (NBS)shall be as under: Per Kg Subsidy rates (in Rs.) N (Nitrogen) P(Phosphorus) K(Potash) S(Sulphur) 18.789 45.323 10.116 2.374 (i) Total amount of Rollover will be Rs. 28,602 crore. (ii) Special one-time package for additional subsidy on DAP at the tentative additional costof Rs. 5,716 crore. (iii) Special one-time package ... Read more