What is “One Nation, One Fertilizer” scheme?
The “One Nation, One Fertilizer” scheme was launched recently by Prime Minister Narendra Modi.
Key facts
- The “One Nation, One Fertiliser” scheme or Pradhan Mantri Bhartiya Jan Urvarak Pariyojana was launched by the Central Government.
- This is the largest fertilizer initiative implemented by the Indian Government till date.
- Under the scheme, all types of fertilizers, whether urea, DAP or NPK, will be sold under the single brand name “Bharat”.
- The scheme seeks to standardize fertilizer brands across India regardless of the company that manufactures them.
- It aims to remove all confusions related to the quality of fertilizers and their availability.
- Earlier, retailers were pushing the sale of certain brands to get higher commission and manufacturers are promoting their own products through targeted advertisement campaign.
- This creates misconception on fertilizers, forcing farmers to costlier alternatives.
- This increases the prices of the fertilizers significantly.
- The new scheme is expected to minimise the cost of fertilizers and increase their availability in the market.
- Creation of a single brand for all fertilizers will reduce the cross-country movement of fertilizers, resulting in large freight subsidies.
- It will bring down competition between different manufacturers and ensure sufficient supply of fertilizers is available across India.
- It will unify the fertilizer brands across India.
- Under the new rule, the fertilizer manufacturers are mandated to promote their product under the brand name Bharat.
- They will be permitted to advertise their brand, name, logo and other related information about the product on one-third of their bags.
- The remaining two-thirds of the bag’s space will display the “Bharat” brand and “Pradhanmantri Bharatiya Jan Urvarak Pariyojana” logo.
- For all fertilizer companies, state trading entities (STEs), and fertilizer marketing entities (FMEs), the brand name for urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP), and Nitrogen Phosphorus Potassium (NPK) and others will be Bharat Urea, Bharat DAP, Bharat MOP, Bharat NPK etc.
Month: Current Affairs - October, 2022
Category: Agriculture Current Affairs • Economy & Banking Current Affairs