Nutrient Based Subsidy Scheme

Nutrient Based Subsidy Scheme

Recently the Commission for Agricultural Costs and Prices (CACP) has recommended to the Center to bring urea under the nutrient-based subsidy regime to prevent excessive use.

  • The CACP has also recommended imposing a cap on the number of subsidized bags of fertilizers per farmer. This will help in reducing the subsidy burden of the government.
  • These recommendations are part of CACP’s non-price policy recommendations for Kharif crop season 2023-2024.
  • The government provides fertilizers to farmers at subsidized prices through manufacturers/importers of fertilizers. Under this, urea is sold at the statutorily notified Maximum Retail Price (MRP). An NBS scheme has been implemented for Phosphatic and Potassic fertilizers.

Source – Down To Earth

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