Mumbai, Nov. 13 -- The Union Cabinet has approved the Nutrient Based Subsidy (NBS) rates for RABI Season, 2026-27 (from 01.10.2026 to 31.03.2027) on Phosphatic and Potassic (P&K) fertilizers. The tentative budgetary requirement for Rabi 2026-27 would be approximately Rs 62370.02 crore. This is approximate Rs 24417.73 crore more than the budgetary requirement for Rabi 2025-26 season. The budget for Rabi 2025-26 was Rs 37952.29 crore.

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