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.)|
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.