Sign In
Learn bits
Schemes & Policies
Pradeep Kumar

29/06/21 09:00 AM IST

Aatmanirbhar in Phosphatic Fertilisers

In news

India to become Aatmanirbhar in Phosphatic Fertilisers

Highlights
  • An Action Plan was chalked out for making India Aatmanirbhar in fertiliser production through indigenous resources. 
  • Discussion and planning with Department of Mining and Geological Survey of India is going on to expedite the exploration in the potential potassic ore resources in Rajasthan’s Satipura, Bharusari & Lakhasar and Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh & Karnataka.
  • The Action Plan included the steps to minimize the import dependency of costly raw material imported from abroad and make it accessible and affordable to farmers.
  • Rock Phosphate is the key raw material for DAP and NPK fertilisers and India is 90% dependent on imports.
  • Volatility in international prices affects domestic prices of fertilisers and hinders the progress and development of agriculture sector in the country.
Phosphatic and Potassic (P&K) Policy
  • Concession scheme/nutrient based subsidy policy for decontrolled Phosphatic & potassic fertilizers.
  • Government of India decontrolled Phosphatic and Potassic (P&K) fertilizers with effect from 25th August 1992 on the recommendations of Joint Parliamentary Committee.
  • Consequent upon the decontrol, the prices of the Phosphatic & Potassic fertilizers registered a sharp increase in the market, which exercised an adverse impact on the demand and consumption of the same.
  • It led to an imbalance in the usage of the nutrients of N, P & K (Nitrogen, Phosphate and Potash) and the productivity of the soil. 
  • The basic purpose of the Concession Scheme and Nutrient Based Subsidy Policy has been to provide fertilizers to the farmers at the subsidized prices.
  • Initially, the ad-hoc Concession Scheme was introduced for subsidy on DAP, MOP, NPK Complex fertilizers. 
Source: PIB

More Related Current Affairs View All

18 Aug

Impact of Ethanol Blending

'E20 petrol, which contains 20% ethanol and is being sold by Indian oil refiners, has been much in the news lately. ' India has achieved its target to blend 20% ethanol per litr

Read More

18 Aug

Uttar Pradesh govt want to take over the 150-year old Krishna shrine

'The Banke Bihari Temple Trust Bill, 2025 was introduced in the Uttar Pradesh Assembly recently.' The Bill allows the formation of a board of government-appointed trustees, incl

Read More

18 Aug

Uttarakhand’s Bill against forced religious conversion

'The Uttarakhand Cabinet approved making the legal provisions against forced religious conversion more stringent in the state, including by raising the duration of jail sentences a

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps