CCEA approves subsidy rates for P&K fertilisers

The Cabinet Committee on Financial Affairs has permitted Nutrient Based mostly Subsidy (NBS) charges for Phosphatic & Potassic (P&K) fertilisers for the 12 months 2021-22 (from Oct one, 2021 to March 31, 2022) with internet subsidy of ₹28,655 crore for Rabi 2021-22.

The permitted charges are ₹18.789 for every kg for Nitrogen, ₹45.323 for every kg for Phosphorous ₹10.116 for every kg for Potash, ₹2.374 for every kg for Sulphur, for every an formal release issued adhering to the CCEA meeting on Tuesday.

A specific a person-time package for added subsidy on DAP at the tentative added expense of ₹5,716 crore and three most eaten NPKs quality at the tentative expense of ₹837 crore was also permitted, increasing the overall subsidy necessary to ₹35,a hundred and fifteen crore, the release included.

The CCEA also permitted the inclusion of Potash derived from molasses (::fourteen.five:) underneath the NBS scheme.

The determination on P&K fertilisers will help its easy availability to the farmers through Rabi Year 2021-22 at the subsidised/very affordable charges of fertilizers and support the agricultural sector by continuing the current subsidy concentrations and giving specific offers of added subsidy for DAP and three largely eaten NPK grades, the release reported.

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