p&ok fertilizer: Centre approves Rs 51,875 crore for P&Ok fertilizer for Rabi 2022-23

New Delhi: The Centre has authorised an extra fertilizer subsidy of Rs 51,875 crore for the rabi or winter planting season, which runs from October 2022 to March 2023. The Cupboard Committee on Financial Affairs (CCEA) authorised the brand new nutrient-based subsidy charges for phosphatic and potassic fertilisers on Wednesday.

“This may allow easy availability of all P&Ok fertilizers to the farmers throughout Rabi 2022-23 on the sponsored / inexpensive costs of fertilizers and assist the agriculture sector,” stated an official assertion including the volatility within the worldwide costs of fertilizers and uncooked supplies has been primarily absorbed by the federal government.

The subsidy on phosphatic and potassic fertilisers, which incorporates assist for indigenous fertiliser via freight subsidy, will probably be offered based mostly on the nutrient based mostly subsidy charges authorised by the CCEA to make sure easy availability of those fertilisers to the farmers at inexpensive costs.

The federal government makes obtainable fertilizers resembling urea and 25 grades for P&Ok fertilizers to farmers at sponsored costs via fertilizer producers/importers.

Underneath the NBS coverage, a hard and fast fee of subsidy (in Rs per Kg foundation) is introduced on vitamins specifically Nitrogen (N), Phosphorous (P), Potash (Ok) and Sulphur (S) by the federal government on annual foundation.

The value for Nitrogen has been fastened at Rs 98.02 per kg, Phosphorous at Rs 66.93 per kg, Potash at 23.65 per kg and Sulphur at Rs 6.12 per kg.

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