Cabinet approves fixation of Nutrient Based Subsidy rates for Phosphatic and Potassic Fertilizers

New Delhi

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for fixation of Nutrient Based Subsidy rates for Phosphaticand Potassic (P&K) Fertilizers for the year 2020-21. The approved rates for NBS are as under:

Per Kg Subsidy rates (in Rs.)  
N   P   K   S  
18.789   14.888   10.116   2.374  

The CCEA also approved the inclusion of a complex fertilizer namely Ammonium Phosphate (NP 14:28:0:0) under the NBS Scheme.

The expected expenditure for release of subsidy on P&K Fertilizers during 2020-21 will be Rs. 22,186.55 crore.

The subsidy on the P&K will be provided on the subsidy rates approved by the CCEA to the fertilizer companies.