India, Nov. 12 -- The Union Cabinet has approved a budgetary requirement of approximately Rs 62,370.02 crore for nutrient-based subsidies on phosphatic and potassic (P&K) fertilisers for the Rabi 2026-27 season. The increased allocation aims to ensure farmers get DAP, NPKS and other P&K fertilisers at affordable prices amid rising international fertiliser and input costs.

Key Highlights Union Cabinet approves approximately Rs 62,370.02 crore for P&K fertiliser subsidies during Rabi 2026-27. The allocation is Rs 24,417.73 crore higher than the Rs 37,952.29 crore approved for Rabi 2025-26. Revised Nutrient Based Subsidy (NBS) rates will apply from October 1, 2026, to March 31, 2027. The subsidy covers 28 grades of P&K fertilisers, includi...