Benefits of Nutrient Based Subsidy (NBS) rates can be summarized as follows:

• Agricultural Sustainability:
  • Encourages balanced nutrient management practices.
  • Leads to improved soil health and enhanced crop yields.
  • Reduces environmental impact due to optimized fertilizer use.
• Farmer Welfare:
  • Recently government of India provided Subsidy allocation of Rs. 38,000 crores for Kharif 2023 which will reduce input costs.
  • Enables farmers to afford quality inputs essential for crop production.
  • Improves livelihoods and economic well-being of farmers.
• Increased Agricultural Productivity:
  • Boosts agricultural productivity through appropriate fertilizer application.
  • Leads to healthier crop growth, improved pest resistance, and higher farm output.
  • Contributes significantly to food security and income generation.
• Balanced Nutrient Application:
  • Promotes a nutrient-based approach tailored to crop and soil requirements.
  • Encourages sustainable agricultural practices and reduces fertilizer wastage.
  • Minimizes adverse environmental effects.
• Rationalization of Subsidy:
  • Efficient use of resources by targeting subsidies where most needed.
  • Maintains fiscal discipline while supporting farmers and agricultural development effectively.
• Support for Crop Diversification:
  • Encourages farmers to experiment with different crops and cropping patterns.
  • Promotes diversification towards high-value crops, organic farming, and sustainability.
• Boost to Rural Economy:
  • Positively impacts rural economy by stimulating demand for agricultural inputs.
  • Generates employment opportunities and fosters overall economic growth.
  • Contributes to market stability and prosperity in rural areas.
• Ensuring Food Security:
  • Contributes to stable food production, reducing import dependency.
  • Meets nutritional needs and strengthens food self-sufficiency.
• Strengthening Agricultural Supply Chains:
  • Enhances efficiency and resilience of supply chains.
  • Enables smooth operations and reduces disruptions during planting and growing seasons.
• Promoting Sustainable Development Goals (SDGs):
  • Aligns with SDGs including zero hunger, responsible consumption, and poverty alleviation.
  • Supports sustainable agricultural practices, reduces environmental impact, and improves farmer livelihoods.