Explore Our Affordable Courses

Click Here

Cabinet Approves Nutrient Based Subsidy (NBS) Rates for RABI Season, 2023-24

Context:

  • The Union Cabinet approved the nutrient based fertilizer subsidy rates for the 2023-24 Rabi season at Rs 22,303 crore to the government on Phosphatic and Potassic (P&K) fertilizers.

Nutrient Based Subsidy Data: 78% Spent by August

  • The government will provide subsidies of Rs 47.02 per kg for nitrogen, Rs 20.82 per kg for phosphorus, Rs 2.38 per kg for potash and Rs 1.89 per kg for sulfur-based fertilizers. 
  • For the current financial year, the central government has earmarked Rs 44,000 crore for nutrient based subsidy.
  • As per the latest available data, Rs 34,111 crore was spent on nutrient based subsidy April-August period, which is 78% of the full year.

What is the Nutrient Based Subsidy (NBS)?

  • Under  Nutrient Based Subsidy (NBS), the government fixed a per-kg subsidy for each fertilizer nutrient: Nitrogen (N), phosphorus (P), potash (K) and sulfur (S).
  • NBS policy intends to increase the consumption of P&K fertilizers so that optimum balance (N:P:K= 4:2:1) of NPK fertilization is achieved.
  • Nodal Ministry: Ministry of Chemicals & Fertilizers.

What are the benefits of based fertilizer subsidy?

  • The availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured.
  • Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs.

News Source: Deccan Herald

 

To get PDF version, Please click on "Print PDF" button.

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

      

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.