A Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the nutrient-based subsidy rates for phosphatic and potassic fertilizers for the upcoming rabi season. In an estimated budgetary requirement of Rs 62,370.02 crore.
For the six-month period from October 1 to March 31, the government has allocated Rs 24,417.73 crore higher than the Rs 37,952.29 crore budgetary requirement of the previous rabi season. The approval is aimed at ensuring that the farmers continue to receive essential fertilizers including diammonium phosphate and NPKS grades at subsidized and affordable prices despite the disruption in supply chain.
Taking to X, Prime Ministers Narendra Modi said farmers remained a priority for the government and that steps were taken to ease the pressure on them amidst the
global tensions.
Even amid difficult conditions around the world, we are leaving no stone unturned to make their lives easier,” the Prime Minister said, adding that the approval would help protect farmers from fluctuations in international prices while ensuring the availability of fertilisers at reasonable rates.
Under the approved arrangement subsidies on P&K will now be provided to fertilizer companies according to notified rates for the Rabi season 2026- 2027, according to the government. This move will help ensure smooth availability of these fertilizers to farmers at affordable prices and also rationalize subsidies in view of recent trends in the international market.
The subsidy will be extended to fertilizer manufacturers and importers enabling them to make the products easily available to the farmers. These rates determine the subsidy provided to companies helping them keep the retail prices affordable for the farmers.
The latest approval stems from change in international prices of fertilizers and inputs such as urea, DAP, muriate of potash and sulphur.
Gve in Gutenberg ready format Also gve seo details