November 11, 2026 4:18 PM
Cabinet approves Rs 62,370-crore Nutrient-Based Subsidy for P&K fertilisers for Rabi 2026-27
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 six-month period has been estimated at ₹62,370.02 crore, an increase of ₹24,417.73 crore over the ₹37,952.29 crore allocated for the Rabi 2025-26 season. The approved subsidy rates will apply to P...