Cabinet approves Rs 62,370 crore P&K fertiliser subsidy for Rabi 2026-27, up 64% from last year

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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Nutrient-Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilisers for the Rabi season, with a tentative subsidy requirement of Rs 62,370.02 crore, an increase of around 64 per cent over the previous year.

New Delhi [India], November 11 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Nutrient-Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilisers for the Rabi 2026–27 season, with a tentative subsidy requirement of Rs 62,370.02 crore, an increase of around 64 per cent over the previous year.According to the Cabinet’s decision, the subsidy requirement for the Rabi 2026–27 season is approximately Rs 24,417.73 crore higher than the Rs 37,952.29 crore allocated for the corresponding season in 2025–26."The tentative budgetary requirement for Rabi 2026-27 would be approximately Rs.62,370.02 crore.

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