The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has sanctioned an increased budget for Phosphatic and Potassic (P&K) fertilizers in the Rabi season 2026-27. The decision is driven by current trends in international prices of fertilizers.
On November 11, 2026, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the Nutrient Based Subsidy (NBS) rates for Rabi Season 2026-27 (from October 1, 2026 to March 31, 2027) on Phosphatic and Potassic (P&K) fertilizers. The tentative budgetary requirement for Rabi 2026-27 is approximately Rs.62,370.02 crore, representing an increase of around Rs.24,417.73 crore compared to the budgetary requirement for Rabi 2025-26 season, which was Rs.37,952.29 crore.
The increased subsidy aims to ensure the availability of fertilizers to farmers at affordable prices. This decision is in response to recent trends in the international prices of fertilizers and inputs.
According to the implementation strategy, subsidies on P&K fertilizers including DAP and NPKS grades will be provided based on approved rates for Rabi 2026-27. The Government is making available 28 grades of P&K fertilizers including DAP to farmers at subsidized prices through fertilizer manufacturers/importers.
Source:
Press Information Bureau
