The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilisers for the Rabi 2026-27 season, covering the period from October 1, 2026, to March 31, 2027.
The tentative budgetary requirement for the season is estimated at Rs. 62,370.02 crore, marking an increase of Rs. 24,417.73 crore compared with Rs. 37,952.29 crore allocated for Rabi 2025-26.
Under the scheme, subsidies will be provided on P&K fertilisers, including DAP and various NPKS grades, based on the approved rates to ensure their availability to farmers at affordable prices.
The move aims to rationalise fertiliser subsidies in line with international prices of fertilisers and raw materials while ensuring a smooth supply of essential nutrients to farmers during the Rabi season.