Sakshi 46 Questions 34 Answers 26 Best Answers 233 Points View Profile 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 Share Facebook 1 Answer Recent Sagar 31 Questions 177 Answers 34 Best Answers 572 Points View Profile Best Answer 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. 1 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions Tell us about the Global Gender Gap Report 2021. Tell us about the Global Hunger Index 2020.