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Question
Q. Consider the following statements regarding the Nutrient Based Subsidy scheme.
Which of the statements given above is/are incorrect?
Q. Consider the following statements regarding the Nutrient Based Subsidy scheme.
Which of the statements given above is/are incorrect?
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Solution
The correct option is B 2 and 3 only
Explanation:
- Statement 1 is correct: Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade based on the nutrient content present in them. For example, for 2020-21, the Centre fixed the NBS rates at Rs 18.789/kg for N, Rs 14.888/kg for P, Rs 10.116/kg for K, and Rs 2.374/kg for S. Therefore, depending on the nutrient content in different fertilizers, the per-tonne subsidy varies.
- Statement 2 is incorrect: Urea has been kept out of the Nutrient Based subsidy scheme.
- Statement 3 is incorrect: The scheme is administered by the Department of Fertilisers under the Ministry of Chemicals & Fertilisers.
Explanation:
- Statement 1 is correct: Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade based on the nutrient content present in them. For example, for 2020-21, the Centre fixed the NBS rates at Rs 18.789/kg for N, Rs 14.888/kg for P, Rs 10.116/kg for K, and Rs 2.374/kg for S. Therefore, depending on the nutrient content in different fertilizers, the per-tonne subsidy varies.
- Statement 2 is incorrect: Urea has been kept out of the Nutrient Based subsidy scheme.
- Statement 3 is incorrect: The scheme is administered by the Department of Fertilisers under the Ministry of Chemicals & Fertilisers.
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