• Cabinet approves NBS rates for P&K fertilisers for Rabi 2026-27.
• Tentative subsidy budget fixed at Rs.62,370.02 crore.
• Allocation rises by Rs.24,417.73 crore from the previous Rabi season.
• Subsidy covers DAP and NPKS grades to support affordable fertiliser availability.

GG News Bureau
New Delhi, 11th Nov: The Union Cabinet on Wednesday 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 has been estimated at Rs.62,370.02 crore, marking an increase of Rs.24,417.73 crore over the Rs.37,952.29 crore allocated for Rabi 2025-26.

Under the approved framework, subsidies will be provided on P&K fertilisers, including Di-Ammonium Phosphate (DAP) and NPKS grades, at the notified rates. The move aims to ensure their continued availability to farmers at affordable and reasonable prices.

The government said the subsidy rates have been rationalised in view of recent trends in international prices of fertilisers and key inputs, including urea, DAP, Muriate of Potash (MOP) and sulphur.

The NBS scheme has been in operation since April 1, 2010. Under the scheme, the government provides subsidies to fertiliser manufacturers and importers to make 28 grades of P&K fertilisers, including DAP, available to farmers at subsidised prices.

The Centre said the approved rates are intended to maintain a smooth supply of essential fertilisers during the Rabi season while protecting farmers from the impact of changing international input prices.