Cabinet approves Rs 37,216 cr subsidy on phosphatic, potassic fertilisers

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Cabinet approves Rs 37,216 cr subsidy on phosphatic, potassic fertilisers - Business Standard

Quick Summary:

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a proposal for fixing the Nutrient Based Subsidy (NBS) rates for Kharif season 2025 (from April 1, 2025, to September 30, 2025,) on Phosphatic and Potassic (P&K) fertilisers.

The Union Cabinet on Friday approved a Rs 37,216 crore subsidy on phosphatic and potassic (P&K) fertilisers for the Kharif (summer-sown) season this year as part of its efforts to provide soil nutrients at a reasonable rate.

The budgetary requirement for Kharif season 2024 will be Rs 37,216.15 crore, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here.