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The decision underscores a continuous commitment to safeguarding farm incomes, maintaining soil health, and supporting national food security
By rationalising subsidy structures in alignment with global market conditions, the government ensures that essential agricultural inputs remain fully accessible to the farming community without transferring cost burdens onto agricultural producers. Representational image/PTI
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilisers for the Rabi 2026-27 cropping season. Applicable from 1 October 2026 through 31 March 2027, the approved rates carry a tentative budgetary outlay of Rs 62,370.02 crore, ensuring farmers across the country receive essential agricultural inputs at subsidised and affordable prices.
The newly approved allocation represents a significant increase of approximately Rs 24,417.73 crore—or roughly 64 per cent—over the Rs 37,952.29 crore budgetary requirement for the corresponding Rabi 2025-26 season. This substantial financial commitment reflects the central government’s proactive strategy to insulate Indian agriculture from recent volatile trends in international prices of raw materials and finished fertilisers, including Urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP), and Sulphur.
Rationalised Rates to Guarantee Smooth Fertiliser Availability
Under the long-standing Nutrient Based Subsidy framework implemented since April 2010, the government provides financial assistance on 28 distinct grades of P&K fertilisers, including DAP and various NPKS formulations, through registered manufacturers and importers. By releasing the subsidy directly to fertiliser companies at notified rates, the administration guarantees smooth supply chains and stable retail prices at the farm-gate level throughout the winter sowing period.
The decision underscores a continuous commitment to safeguarding farm incomes, maintaining soil health, and supporting national food security. By rationalising subsidy structures in alignment with global market conditions, the government ensures that essential agricultural inputs remain fully accessible to the farming community without transferring cost burdens onto agricultural producers.
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Ask News18The Union Cabinet approved a tentative budgetary outlay of Rs 62,370.02 crore for P&K fertilisers for the Rabi 2026-27 cropping season, which runs from October 1, 2026, through March 31, 2027.
Ask News18November 12, 2026, 04:22 IST
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