What is meant by nutrient based subsidy?
Nutrient Based Subsidy (NBS) Programme for Fertilizers was initiated in the year 2010. Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade of subsidized Phosphatic and Potassic (P&K) fertilizers, except for Urea, based on the nutrient content present in them.
When was the nutrient based subsidy introduced in India?
1.4.2010
The Government introduced the Nutrient Based Subsidy (NBS) Policy w.e.f. 1.4. 2010 in continuation of the erstwhile Concession Scheme for decontrolled P & K fertilizers (w.e.f. 1.5. 2010 for SSP).
Why urea is not a part of nutrient based subsidy?
Urea Outside NBS: The urea remains under price control and NBS has been implemented only in other fertilisers. The price of fertilisers (other than urea) — which were decontrolled have gone up from 2.5 to four times during these 10 years. However, since April 2010, the price of urea has been raised by hardly 11%.
How many nutrients are included under nutrient based subsidy?
The Nutrient Based Subsidy (NBS) Scheme is being implemented since April 2010. Under the NBS Policy, a fixed rate of subsidy (in Rs per Kg basis) is announced on nutrients namely Nitrogen (N), Phosphate (P), Potash (K) and Sulphur (S) by the government on annual basis.
What is NPK ratio in India?
1.6. 4 The consumption of fertilizers is as important a factor as their production. There should be appropriate balance in the consumption of different fertilizer nutrients. The appropriate NPK ratio under Indian soil conditions is stated to be 4:2:1.
What was the nutrient based subsidy for fertilizers?
The cabinet committee on economic affairs (CCEA) has approved a proposal of fertiliser ministry by providing subsidy of Rs 2,501 per bag (50 kg) on DAP for kharif 2022 as against existing subsidy of Rs 1,650 per bag.
What is potash content in DAP?
The composition of DAP is 18% Nitrogen and P2O5 46%. Within the same facility, Hindalco can also produce nitrogen phosphorus potassium (NPK) complexes as value-added downstream products. It can manufacture NPK complexes such as 10:26:26, 12:32:16 and 20:20:0.
How is NPK calculated?
To find the amount of nitrogen in a bag of fertilizer, you must calculate the pounds of nitrogen per 1,000 sq. ft. To calculate the pounds of nitrogen in a bag of fertilizer, multiply the weight of the bag by the percent nitrogen (this is the first number in the N-P-K designation on the front of the bag).
How much is fertilizer subsidy in India?
In addition to the fertiliser subsidy of ₹1.05 lakh crore in the Budget, an additional amount of ₹1.10 lakh crore is being provided to further cushion our farmers,” Ms. Sitharaman tweeted. The fertilizer subsidy bill was estimated at ₹1.05 lakh crore in the 2022-23 Budget. It stood at ₹1,62,132 crore in 2021-22.
What is NPK ratio of DAP?
How much is the subsidy for DAP?
Government also give subsidy on DAP (Rs. 405/bag), equal to the contribution of gas in total cost of production. During 2020-21 average retail price was Rs. 4054 per bag (GoP, 2020).
How is fertilizer subsidy calculated?
For three bags urea, one bag DAP and half-a-bag MOP per acre, the farmer would spend a total of Rs 2,437 at existing MRPs. The corresponding subsidy value – at an average of Rs 13,000 per tonne (Rs 585/bag) for urea, Rs 511.55/bag for DAP and Rs 303.5/bag for MOP – will add up to Rs 2,418.3 per acre.
What is better MAP or DAP?
Both DAP and MAP are compatible in blends with urea, the world’s most commonly used nitrogen fertiliser, whereas superphosphate is not. MAP is preferred to DAP at planting in those situations where too much nitrogen may affect germination, emergence and early seedling root development.
What is the rate of DAP?
The subsidy for DAP fertiliser has been increased to ₹1,200 per bag from ₹500 per bag. Farmers will continue to get DAP at the old rate of ₹1,200 per bag, the government had said. One bag has 50 kg fertiliser. The government has allocated nearly ₹79,600 crore for fertiliser subsidies in the 2021-22 Budget.
How can I get DAP subsidy?
The registered farmer has to purchase the bag, scratch the coupon and send an SMS to the designated number. The system recognises the details and sends a confirmation. Then the registered farmer can go to an agent with the SMS and original CNIC to encash the subsidy money.
What are the 3 letters for fertilizer?
Understanding the Fertilizer Label These three numbers represent the primary nutrients (nitrogen(N) – phosphorus(P) – potassium(K)). This label, known as the fertilizer grade, is a national standard. A bag of 10-10-10 fertilizer contains 10 percent nitrogen, 10 percent phosphate and 10 percent potash.
What is MOP in fertilizer?
Muriate of potash, also known as potassium chloride contains 60% potash. Potash is essential for plant growth and quality. It plays a vital role in the production of proteins and sugars.