New Delhi, Nov. 11 -- The union Cabinet on Wednesday approved a substantially enhanced subsidy outlay of Rs 62,370.02 crore for phosphatic and potassic (P&K) fertilisers for the Rabi 2026-27 season, an increase of Rs 24,417.73 crore over the corresponding period last year, in a move aimed at insulating farmers from global price volatility and ensuring uninterrupted supplies of essential agricultural nutrients.
Announcing the decision after the Cabinet meeting, union Minister for Information and Broadcasting Ashwini Vaishnaw said the approved Nutrient Based Subsidy (NBS) rates would remain applicable for six months, from October 1, 2026, to March 31, 2027.
The decision is intended to ensure that fertilisers remain available to farmers at a...