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Sakshi
Sakshi

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Sakshi
Asked: January 2, 20212021-01-02T12:22:37+05:30 2021-01-02T12:22:37+05:30In: UPSC PRELIMS

What is NBS Scheme?

What is Nutrient Based Subsidy scheme?

economicsgovernment scheme
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    1. Sagar

      Sagar

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      Sagar
      2021-01-03T12:17:54+05:30Added an answer on January 3, 2021 at 12:17 pm

      The Nutrient Based Subsidy (NBS) Policy has been introduced by the Fertilizer Department, Ministry of Chemicals & Fertilizers since 2010.

      More about NBS Scheme:-

      • Under NBS, for each grade of subsidized Phosphatic & Potassic (P&K) fertilizers, with the exception of urea, a fixed amount of subsidy is given, determined on an annual basis, based on its nutrient content.
      • The government is currently making fertilizers, namely urea and 21 grades of P&K fertilizers, available to farmers through producers/importers at subsidized rates.
      • The government sets the maximum retail price in the case of urea (MRP).
      • Manufacturers are reimbursed for the difference between the manufacturing cost and the MRP.
      • The government also approved the inclusion of ammonium phosphate, a complex fertilizer, under the nutrient-based subsidy scheme.
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