Govt okays continuation of nutrient-based subsidy for doubling farmers' income

New Delhi, March 29: For sustained agricultural growth and to promote balanced nutrient application, Cabinet Committee, chaired PM Modi on Wednesday has approved continuation of Nutrient Based Subsidy and City Compost Scheme till 2019-20.

The expenditure for the scheme will be on actual basis since national roll out of DBT entails 100% payment of subsidy to fertilizer companies on sale of fertilizers to farmers at subsidized rates.

The subsidy on the P&K fertilizers and Market Development Assistant (MDA) on City Compost will be provided on the subsidy rates approved by the CCEA on annual basis.

The continuation of the Nutrient Based Subsidy Scheme and City Compost Scheme will ensure that adequate quantity of P&K is made available to the farmers at statutory controlled price.

Government is making available fertilizers, namely Urea and 21 grades of Phosphatic and Potash fertilizers to farmers at subsidized prices through fertilizer manufacturers and importers.