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Nutrient Based Subsidy and City Compost Scheme
April 6 , 2018
2219 days
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- The Cabinet Committee on Economic Affairs (CCEA) has approved for continuation of Nutrient Based Subsidy (NBS) Scheme and City Compost Scheme beyond 12th Five Year plan till 2019-20.
- The proposal was forwarded by Department of Fertilizers and the total expenditure for continuation of both schemes till 2019-20 will be Rs. 61,972 crores.
- The continuation of both schemes will ensure that adequate quantity of P&K is made available to farmers at statutory controlled price.
- The expenditure 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 Phosphatic and Potassic (P&K) fertilizers and Market Development Assistant (MDA) on City Compost will be provided on subsidy rates approved by CCEA on annual basis.
- The subsidy on P&K fertilizers is being governed by NBS Scheme which was launched in 2010.
- Similarly, Market Development Assistant is being governed by City Compost Scheme which was launched in 2016
- City Compost Scheme aims to convert all organic waste generated in cities into compost or biogas and market the compost with the help of fertiliser companies to benefit farmers.
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