Jammu, Nov. 11 -- Share Tweet Share New Delhi, Nov 11 (KNS): In a major decision aimed at easing the financial burden on farmers and ensuring the availability of fertilizers at affordable prices, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for the Rabi 2026-27 season, with an estimated budgetary requirement of Rs 62,370.02 crore. The approved subsidy will cover the period from October 1, 2026, to March 31, 2027, and will apply to various P&K fertilizers, including Di-Ammonium Phosphate (DAP) and NPKS grades, which are widely used by farmers for crop production. According to an official statement, the estimated subsidy...