The Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned the Department of Fertilisers’ proposal to set the Nutrient Based Subsidy (NBS) rates for this year’s kharif season, running from April 1 to September 30, on Phosphatic and Potassic (P&K) fertilisers. The budgetary requirement for this year’s kharif season is estimated to be around Rs 41,533.81 crore, marking an increase of about Rs 4,317 crore from the previous season’s budget.
This approval aims to ensure that farmers have access to fertilisers at subsidized, reasonable prices. The adjustment of subsidy on P&K fertilisers is a response to the recent international price trends of fertilisers and inputs. Fertiliser companies will receive the subsidy at approved rates to make fertilisers accessible to farmers at affordable rates.
The subsidy on P&K fertilisers, which includes DAP and NPKS grades, will be granted based on the approved rates for Kharif 2026, effective from April 1 to Sept 30, to guarantee the smooth availability of these fertilisers to farmers at reasonable prices. The government is committed to providing 28 grades of P&K fertilisers, including DAP, to farmers at subsidized rates through manufacturers/importers, in line with the NBS Scheme in effect since April 1, 2010.
In response to the recent international price trends of fertilisers and inputs like urea, DAP, MOP, and sulphur, the government has decided to approve the NBS rates for Kharif 2026, effective from April 1 to September 30, on phosphatic and potassic (P&K) fertilisers, including DAP and NPKS grades.
