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262 Economic Survey 2021-22
FERTILIZERS
7.73 Government is making available fertilizers, namely Urea and 24 grades of P&K fertilizers
to farmers at subsidized prices through fertilizer manufacturers/importers. Urea is being provided
to the farmers at a statutorily notified Maximum Retail Price (MRP). As far as Phosphatic and
Potassic (P&K) fertilizers are concerned, Government is implementing Nutrient Based Subsidy
(NBS) Scheme w.e.f 01.04.2010. Under the said scheme, subsidy is provided on each grade
of subsidized Phosphatic and Potassic (P&K) fertilizers depending upon its nutrient content.
Figure 29 shows fertilizer subsidy provided by the Government over years in order to keep
the fertilizers available at affordable prices. Figures 30 and 31 show production and import of
various categories of fertilizers.
Figure 29: Fertilizer Subsidy (in ₹ thousand crore)
Source: Based on data received from the Department of Fertilizers.
Figure 30: Production of Fertilizers (LMT)
Source: Based on data received from the Department of Fertilizers.
