It was, thus, observed that subsidy regime prior to NBS Policy had been proving to be a losing proposition for all the stake holders viz farmers, industry and the Government. Considering all the issues relating to agriculture productivity, balanced fertilization and growth of indigenous fertilizer industry, competiveness amongst the fertilizer companies and to overcome the deficiency of concession scheme, the Government decided to introduce Nutrient Based Subsidy (NBS) Policy for P&K fertilizers w.e.f. 1.4.2010.
Since, NBS Policy has been under implementation for last two and a half years only, a formal study is yet to be conducted on its impact. However, there is a proposal under consideration to get the study done by a reputed consulting firm.
Urea is made available to the farmers at a price fixed by the Government, which is much below the delivered price. The difference in the cost of delivered price and MRP is provided as subsidy. Government also provides a fixed subsidy on 21 grades of P&K fertilizers, depending on their nutrient content, to make them available to the farmers at subsidised rates. The MRPs of P&K fertilizers are, however, fixed by the companies.
No anomalies regarding prices of fertilizers have come to the notice of the Department.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
DNM/NSK/NV
(Release ID :89694)
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