Cabinet approves Rs 22,303 cr subsidy for rabi crop

Team Blitz India

NEW DELHI: The Union Cabinet has approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) of Rs 22,303 crore for rabi crop season 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers.

The subsidy on P&K fertilizers will be provided based on approved rates for rabi 2023-24 (applicable from 01.10.2023 to 31.03.2024) to ensure smooth availability of these fertilizers to the farmers at affordable prices.
The availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured.
Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs.

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The Government is making available 25 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is governed by NBS Scheme with effect from April 1, 2010.

In accordance with its farmer friendly approach, the Government is committed to ensure the availability of P&K fertilizers to the farmers at affordable prices.