Union Cabinet approves Rs 62,370 crore subsidy for rabi fertilizers
The central government has approved the nutrient-based subsidy on fertilizers for the rabi season 2026-27. This will ensure fertilizers remain available to farmers at affordable prices.
The Union Cabinet has approved the rates of nutrient-based subsidy (NBS) on phosphatic and potassic fertilizers for the rabi 2026-27 season.
Under this decision, a budget of approximately Rs 62,370.02 crore is estimated to be required for the rabi 2026-27 season.
This budgetary requirement is about Rs 24,417.73 crore more compared to the rabi 2025-26 season.
Prime Minister Narendra Modi said on the social media platform 'X' that the country's farmers have always been the government's highest priority. He said that despite challenging conditions at the international level, the central government is continuously making efforts for the welfare of farmers.
The Prime Minister stated that this decision will ensure that international market prices do not place any burden on farmers, guaranteeing the supply of fertilizers at cheap and reasonable rates.
Key developments
- NBS rates approved for rabi 2026-27
- Estimated budget of Rs 62,370.02 crore
- Budget higher by Rs 24,417.73 crore than previous season
- Affordable fertilizer supply ensured for farmers
