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CCEA approves subsidy rates for P&K fertilisers

The Cabinet Committee on Financial Affairs has permitted Nutrient Primarily based Subsidy (NBS) fees for Phosphatic & Potassic (P&K) fertilisers for the yr 2021-22 (from October one, 2021 to March 31, 2022) with net subsidy of ₹28,655 crore for Rabi 2021-22.

The permitted fees 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 official release issued subsequent the CCEA meeting on Tuesday.

A unique a person-time deal for further subsidy on DAP at the tentative further cost of ₹5,716 crore and 3 most consumed NPKs quality at the tentative cost of ₹837 crore was also permitted, expanding the complete subsidy needed to ₹35,a hundred and fifteen crore, the release included.

The CCEA also permitted the inclusion of Potash derived from molasses (::fourteen.5:) below the NBS plan.

The conclusion on P&K fertilisers will enable its easy availability to the farmers all through Rabi Period 2021-22 at the subsidised/affordable prices of fertilizers and guidance the agricultural sector by continuing the existing subsidy stages and offering unique deals of further subsidy for DAP and 3 generally consumed NPK grades, the release said.