The government has allocated nearly Rs 1.71 lakh crore as fertilizer subsidies until January in the current fiscal year, aiming to ensure affordable prices and adequate availability of fertilizers for farmers. Minister of State for Chemicals and Fertilizers Bhagwanth Khuba stated in a written reply to Lok Sabha that the subsidy covers various fertilizers and follows the Nutrient Based Subsidy (NBS) policy since April 1, 2010, for Phosphatic and Potassic (P&K) Fertilizers.
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