CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Union Ministry is associated with the Nutrient Based Subsidy (NBS) scheme?
A
Ministry of Rural Development
B
Ministry of Chemicals and Fertilisers
C
Ministry of Agriculture and Farmers Welfare
D
Ministry of Urban and Housing Affairs
Explanation: 

Detailed explanation-1: -It is being implemented from April 2010 by the Department of Fertilizers, Ministry of Chemicals & Fertilizers.

Detailed explanation-2: -Which Union Ministry is associated with the Nutrient Based Subsidy (NBS) scheme? Explanation: The government approved a subsidy of Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for the second half of 2022-23. The scheme is implemented by the Ministry of Chemicals and Fertilisers.

Detailed explanation-3: -The scheme is implemented by the Ministry of Chemicals and Fertilisers. The government makes available fertilisers to farmers at subsidised prices through fertiliser manufacturers/importers.

Detailed explanation-4: -Government is making available fertilizers, namely Urea and 25 grades for P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is being governed by NBS Scheme w.e.f. 01.04.

Detailed explanation-5: -During the year, the Department of Fertilizer is implementing schemes such as Urea Subsidy Scheme, Nutrient Based Subsidy Scheme (NBS) and Direct Benefit Transfer (DBT) projects for fertilizer subsidy payments which are implemented on a PAN India basis for ensuring adequate availability of fertilizers to the farmers.

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