IBEF: August 02, 2019
The government has made the decision to increase the subsidy on Sulphur fertiliser to Rs 3.56 per kg. They have also decided to keep the support unchanged for other non-urea nutrients for boosting balance use of farm supplements. According to the Information and Broadcasting Minister, total subsidy that outgo for non-urea fertilisers would be Rs 22,875.5 crore (US$ 332.05 million) for 2019-20 fiscal.
The subsidy on nitrogen (N), phosphatic (P) and potassic (K) fertilisers remains unchanged that is Rs 18.90 per kg, Rs 15.21 per kg and Rs 11.12 per kg, respectively.
According to the minister, the expected expenditure for release of subsidy on PNKS fertilizers during 2019-20 will be Rs 22,875.5 crore (US$ 332.05 million).This will confirm availability of non-urea nutrients at affordable prices to farmers and promoting balanced use of fertilisers.
The retail prices of non-urea fertilisers such as Di-ammonium Phosphate (DAP), Muriate of Potash (MoP) and NPK are still not controlled and are determined by manufacturers.
Under nutrient-based subsidy (NBS) is fixed on an annual basis by the government.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.