Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy (NBS) rates for Phosphorous (P) and Potash (K) fertilisers for the year 2019-20.
The approved rates for NBS effective from the date of notification
Per Kg Subsidy rates (in Rs)
The per kg. subsidy rates prior to notification will remain same as that of year 2018-19.
The expected expenditure for release of subsidy on P&K fertilisers during 2019-20 is estimated to be Rs. 22,875 crore.
This will enable the manufacturers and importers to formalise supply contracts for fertilisers and fertiliser inputs and make fertilisers available to the farmers in the year 2019-20.
The government has been making available fertilisers, Urea and 21 grades of P&K fertilisers to farmers at subsidised prices through fertiliser manufacturers and importers. The subsidy on P&K fertilisers is being governed by NBS scheme w.e.f April 1, 2010. In accordance to its farmer friendly approach, the government ensures the availability of P&K fertilisers to the farmers on affordable price.