New Delhi: The Union Cabinet on Thursday approved a Rs 24,420 crore proposal for fixing the Nutrient-Based Subsidy (NBS) rates on phosphatic and potassic (P&K) fertilisers and inclusion of 3 new fertiliser grades under NBS scheme for the Kharif season 2024 (April to September this year).
The scheme will ensure availability of fertilisers to farmers at subsidised, affordable, and reasonable prices, according to an official statement issued after the meeting.
This will also result in a rationalisation of subsidy on P&K fertilisers in view of recent trends in the international prices of fertilisers and inputs.
The inclusion of three new grades in NBS will support in promoting balanced soil health and offer alternatives to the framers to choose fertilisers fortified with micro-nutrients as per the soil requirement, the statement said.
The subsidy on P&K fertilisers will be provided based on approved rates for Kharif 2024 (applicable from April 1, 2024 to September 30, 2024) to ensure smooth availability of these fertilisers to the farmers at affordable prices.
The government is making available 25 grades of P&K fertilisers to farmers at subsidised prices through fertiliser manufacturers/importers to help them enhance production and increase earnings.
IANS
Central govt subsidy on loans to farmers jumps over 5-fold to Rs 1.3 lakh crore in 2014-2023
New Delhi: There has been a more than 5-fold jump in the amount spent by the Prime Minister Narendra Modi-led government on extending loans at subsidised rates of interest to...
February on course to break many global heat records
London: February is on course to break a record number of heat records, meteorologists say, as human-made global heating and the natural El Nino climate pattern drive up temperatures on...
Govt doubles FCI’s authorised capital to Rs 21,000 cr in big boost to farm sector
New Delhi: The Government has announced an increase in the authorized capital of the Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore in a major...
Two UN agencies launch’Atoms4Food’ initiative to fight global hunger
New Delhi: The growing demand on natural resources owning to the increasing world population has worsened the food security situation and according to a FOA report, the number of people...
Over 400 arrested in France as violent protests continue
Paris: More than 400 people have been arrested in France amid violent protests that continued across the country over the fatal shooting of a 17-year-old driver by the police at...
UP farmers no longer need permission to extract clay
Lucknow: Farmers in Uttar Pradesh will no longer need permission to extract clay from pit for private use. The decision has been taken in view of complaints of farmers regarding...
Organic Kitchen Gardens address serious problem of anemia and mal-nutrition
New Delhi: The National Family Health Survey-5 data shows that 67.1 per cent of children in six to 59 months age group and 57 per cent of women between 15...
K’taka farmer gets Rs 8.36 for selling 205 kg onions, receipt goes viral
Gadag, (Karnataka): The receipt of a farmer from Karnataka's Gadag district showing that he received only Rs 8.36 after selling 205 kg of onions, has gone viral on social media, prompting...
Rabi area coverage rises by 24.13L ha over last year
New Delhi: Rabi area coverage this year has increased by 24.13 lakh hectares over last year. Taking stock of the Rabi crops position with senior officials, Agriculture Minister Narendra Singh Tomar...
Agriculture Ministry open to pro-farmer changes in Crop Insurance scheme: Official
New Delhi, Nov 24 (IANS) The Ministry of Agriculture is open to making pro-farmer changes in Pradhan Mantri Fasal Bima Yojana (PMFBY) in response to the recent climate crisis and rapid...
UP issues warning to stubble burning farmers
Lucknow, Nov 23 (IANS) The Uttar Pradesh agriculture department has warned that it will stop giving benefits of the PM Kisan Samman Nidhi (PMKSN) to farmers who are found engaged in...
BJP launches indefinite protest before Odisha Assembly over farmers’ issues
Bhubaneswar: Ahead of the Padampur bypoll, the BJP on Friday launched an indefinite dharna "satyagraha" in front of the Odisha Assembly here to protest "anti-farmer policies" of the BJD government. The...
