The agricultural sector in India plays a vital role in ensuring food security and driving the country’s economic growth. Recognizing the significance of fertilizers in enhancing crop productivity, the Government of India has taken decisive steps to support farmers by approving per kilogram subsidies on key nutrients. This subsidy policy aims to promote the balanced use of fertilizers and improve agricultural yields during the Kharif 2023 season, effective from April 1st, 2023, until September 30th, 2023.
Furthermore, the government has also implemented retrospective revisions in the per kilogram subsidy on nutrients for the period spanning January 1st, 2023, to March 31st, 2023, in order to benefit farmers during the Rabi 2022-23 season. These recent developments showcase the government’s commitment to empowering farmers and fostering sustainable agricultural practices.
In this post, we will delve into the details of the subsidy policy and its implications for farmers. We will explore the subsidies provided for crucial nutrients, namely Nitrogen (N), Phosphate (P), Potash (K), and Sulphur (S), which are integral to P&K fertilizers covered under the Nutrient-Based Subsidy (NBS) policy. By understanding the significance of these subsidies and their impact on agricultural productivity, we can appreciate the government’s efforts to ensure the well-being of farmers and promote overall agricultural growth.
Join us as we uncover the details of the government’s subsidy policy and shed light on its potential to revolutionize the agricultural landscape, empowering farmers across the nation.
DAP Subsidy has been reduced by INR789.6 per 50 kg bag. Now subsidy on DAP is INR 32641 per ton during Kharif 2023. International prices of DAP have been reduced to around 517 USD.
Product wise subsidy on various grades of P&K fertilizers covered shall be as under: