Government of India initiated the reforms in the fertiliser sector in consultation with various stakeholders. The agenda identified two major steps i.e. bringing Nutrient Based Subsidy (NBS) Scheme as a first step and as second step complete deregulation of the sector with payment of subsidy directly to the farmers. NBS scheme was implemented for phosphatic (P) and potassic (K) fertilisers w. e. f. 1.4.2010.
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