Nutrient Based Subsidy Scheme

  • Published
    18th Jun, 2021

GS-III: Economy

  • Subsidy
Context

The Union Cabinet has approved the proposal of the Department of Fertilizers for fixation of 'Nutrient Based Subsidy Rates' for Phosphatic and Potassic Fertilizers for the year 2021-22 (Apr-Mar).

Prelims question:

Which of the following statements are incorrect regarding Nutrient Based Subsidy Scheme?

  1. This scheme allows the manufacturer of fertilizers to fix MRP of all types of fertilizers.
  2. The balanced application of fertilizers is one of the objective of this scheme
  3. The subsidy is transferred directly to bank account of the farmer through direct benefit transfer.

Select the correct answer using the code given below:

  • A.
  • B.
  • C.
  • D.

Mains Question:

“Though Nutrient Based Subsidy scheme has been successful in reducing the subsidy burden of the government, it is yet to achieve its core objective to bring balance in application of nutrients.”  Discuss (250 words)

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