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of <h1>India's Nutrient Based Subsidy Policy Boosts Fertilizer Sector's Competitiveness and Modernization Since 2010.</h1> The Government of India implemented the Nutrient Based Subsidy (NBS) Policy for P K fertilizers starting April 1, 2010, to address issues in the fertilizer sector. Previously, the government fixed the Maximum Retail Price (MRP) of fertilizers below the delivered cost, compensating the difference with subsidies. This led to increased consumption but stagnated agricultural productivity and low industry profitability. The NBS Policy aims to promote balanced fertilization, enhance industry competitiveness, and modernize the sector. Urea and 21 grades of P K fertilizers continue to be subsidized, with MRPs set by companies. No pricing anomalies have been reported.
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