PM Modi says farmers remain top priority as Centre clears Rabi fertiliser subsidy
Résumé détaillé
The Union Cabinet has approved an estimated Rs 62,370 crore fertiliser subsidy for the Rabi 2026-27 season. The move aims to protect farmers from global price fluctuations and ensure the availability of fertilisers at affordable rates.
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. The government has set an estimated budgetary requirement of Rs 62,370.02 crore for the six-month period from October 1, 2026, to March 31, 2027.The allocation is Rs 24,417.73 crore higher than the Rs 37,952.29 crore budgetary requirement for the Rabi 2025-26 season.The approval is aimed at ensuring that farmers continue to receive essential fertilisers, including Di-Ammonium Phosphate (DAP) and NPKS grades, at subsidised and affordable prices despite fluctuations in international fertiliser and…
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