The Committee observed that the Ministry of Finance had reduced by roughly 7% the Department of Fertilizers' projected 2025–2026 expenditure of ~₹1.84 lakh crore for its various initiatives
The Committee observed that the Ministry of Finance had reduced by roughly 7% the Department of Fertilizers' projected 2025–2026 expenditure of ~₹1.84 lakh crore for its various initiatives. The Nutrient-Based Subsidy (NBS) Scheme and the Urea Subsidy Scheme have both been scaled back.
Other Significant Results in the Report
Improving Fertilizer Security: Geopolitical upheavals and price volatility have resulted in severe shortages of fertilizer. For example, DAP. Mining and Technological Developments: no attempts are made to obtain mining permits for essential raw materials like phosphates and potash.
Revision of nitrogen-phosphorus-potassium-sulfur (NPKS) fertilizer grade: Because soil-specific fertilizer grades are not always available, farmers must pay additional costs.
Direct Benefit Transfer (DBT): The DBT system is susceptible to misuse since it is impossible to verify the legitimacy of recipients.
Nano fertilizers like nano urea and nano DAP have the potential to boost agricultural yields, but further research is necessary.
Suggestions
Balanced delivery and supply compliance: Prioritize the delivery of fertilizer in a balanced manner based on the needs of the soil, and use penalties to enforce supply compliance. Fertilizer Crisis Early Warning System: To predict shortages and maintain strategic stockpiles, create FCEWS.
By connecting Aadhaar verification with the Farmer's Registry, you can enhance targeting and apply dynamic purchase caps based on landholding size. Promote the use of Urea Gold to improve soil health, boost agricultural productivity, and reduce reliance on conventional urea
Nutrient-Based Subsidy Policy (NBS)
Per nutrient, the rates of subsidies for sulfur (S), potassium (K), phosphate (P), and nitrogen (N) are set and periodically reviewed either annually or every two years.
Coverage: Includes 28 P&K fertilizer grades, such as Di-Ammonium Phosphate (DAP), Mono Ammonium Phosphate (MAP), and Muriate of Potash (MOP).
MRP Flexibility: The affordability of the MRPs set by manufacturers is confirmed by the government.
Additional Subsidies: Various subsidies for micronutrients like boron and zinc.
Making sure farmers can afford urea, which is necessary for food security, is the aim of the Urea Subsidy Scheme.
Andhra govt to distribute education kits to 35.94 lakh students under SRKVM scheme
Air India flight to London crashes near Ahmedabad with 242 onboard
IIM Kozhikode launches applied finance certificate program for working professionals
US judge slams Trump admin for violating student activist’s rights, halts detention
Telangana private schools raise fees sharply; no regulatory body in place yet
Air India flight to London crashes near Ahmedabad with 242 onboard
Trump’s new green card medical test rule sparks backlash amid LA protests
No MDR on UPI: Govt slams 'baseless' reports, reaffirms free digital payments
Clashes erupt near Kolkata over land row, 5 police personnel injured
Elon Musk admits he ‘went too far’ in Trump feud after explosive fallout
Andhra govt to distribute education kits to 35.94 lakh students under SRKVM scheme
Air India flight to London crashes near Ahmedabad with 242 onboard
IIM Kozhikode launches applied finance certificate program for working professionals
US judge slams Trump admin for violating student activist’s rights, halts detention
Telangana private schools raise fees sharply; no regulatory body in place yet
Air India flight to London crashes near Ahmedabad with 242 onboard
Trump’s new green card medical test rule sparks backlash amid LA protests
No MDR on UPI: Govt slams 'baseless' reports, reaffirms free digital payments
Clashes erupt near Kolkata over land row, 5 police personnel injured
Elon Musk admits he ‘went too far’ in Trump feud after explosive fallout
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech