Related Frequently Asked Questions & Answers
1Q. Who fully funds the financial assistance for the New Urea Policy 2015 Scheme?
Answer: The Central Government of India fully funds the urea subsidy through financial assistance as part of the department’s Central Sector Scheme (CSS). As a way to close the gap between the estimated demand and domestic urea production in the nation, it also contains imported urea subsidies. Additionally, it contains transport subsidies for the nationwide transportation of urea.
2Q. Write about the Fertilizer Sector of India?
Answer: After China, India is the country that uses the most urea fertilizers. In terms of phosphatic fertilizer output, it comes in third place, but imports are necessary to meet the demand.
- Type of Fertilizers- Primary, secondary, and macronutrients.
- Primary: Nitrogenous (Urea), Phosphatic (DAP), Potash-based (MOP)
- Secondary: Fertilizers include Ca Calcium), Mg (Magnesium), and Sulphur (S)
- Macronutrients: Include Iron, Zinc, Boron, Chloride
3Q. What Happened in the year 1973 Related to the Fertilizer Sector of India?
Answer: In 1973 oil crisis raised the price of fertilizer, which decreased consumption and raised food costs. Therefore, the government-supported producers in 1977. The government deregulated the import of DAP (di-ammonium phosphate) and MOP (Muriate of potash) in 1992 as the BoP issue grew severe. But urea imports are still limited and controlled.
4Q. What are the objectives of the New Urea Policy 2015 by the Department of Fertilizers?
Answer: In 2015, the Department of Fertilizers developed a policy.
- Increase domestic urea production to decrease reliance on imports and the government’s subsidy burden.
- Encourage energy efficiency to lower carbon footprint and environmentally friendly urea manufacturing. Revisions to the specific energy usage guidelines will accomplish this.
- Make the urea production facility employ the greatest technologies available so it can compete internationally.
- Timely delivery of urea at the same MRP to the farmers.
- Optimizing energy efficiency in the manufacture of urea.
- The subsidy burden on the Government of India is to be rationalized.