PolicyPIB
Cabinet approved NBS subsidy rates for P&K fertilizers for Rabi 2026-27
Neutral02 sources
GreyOak summary
The Indian Cabinet approved Nutrient Based Subsidy (NBS) rates for phosphate and potash fertilizers for the Rabi 2026-27 season. The estimated budgetary requirement is approximately 62,370.02 crore rupees, which is significantly higher than the previous season's requirement of 37,952.29 crore rupees. This decision aims to ensure affordable fertilizer availability for farmers amidst international price trends.