New Delhi, April 8 -- Amid West Asia crisis which has hurt fertilizer supplies and pushed up prices globally, Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved the nutrient based subsidy (NBS) rates for kharif cropping season 2026 on phosphatic and potassic (P&K) fertilizersa entailing a subsidy outlay of Rs 41,533.81 crore.
The tentative budgetary requirement for Kharif season 2026 would be approximately Rs 41,533.81 crore. This is approximately Rs 4,317 crore more than the budgetary requirement for the Kharif 2025 season. The budget for Kharif 2025 was Rs 37,216.15 crore, an official release said.
The government statement said that availability of fertilizers to farmers at subsidized, affordable and reasonable...