Context: In a step to clear dues of fertiliser companies the government has allotted an additional Rs 65,000 crore towards fertiliser subsidy for 2020-21, over and above the already-budgeted Rs 71,309 crore. Why clearing the arrears in fertiliser subsidy is important? To build faith on government schemes: Fertiliser firms have to sell their products below… Continue reading Government clears Fertiliser Subsidies
Tag: AGRI_01
Planned changes to NBS Scheme
Context: Centre is planning to restrict the number of fertiliser bags that individual farmers can buy during any cropping season under the Nutrient Based Subsidy(NBS) Scheme. Background A policy of subsidising fertilisers was started in the later period of the Green revolution to increase agriculture production. It resulted in the increased production of food grains… Continue reading Planned changes to NBS Scheme
Nutrient-based subsidy
Context: Cap on subsidised fertiliser under nutrient-based subsidy (NBS) only addresses issue of its diversion, doesn’t fix overuse by farmers. What is nutrient-based subsidy (NBS) regime for fertilisers? Under the scheme, a fixed amount of subsidy, based on the nutrient content present in them is provided on each grade of subsidized Phosphatic and Potassic (P&K)… Continue reading Nutrient-based subsidy
