Cabinet approves ₹62,370 cr. subsidy for P&K fertilisers in rabi season
The Indian Union Cabinet has approved a ₹62,370 crore subsidy for phosphatic and potassic (P&K) fertilisers for the 2026-27 rabi season. This measure is intended to shield farmers from high global prices caused by geopolitical conflicts.
Why it matters
Ensures food security and agricultural stability by mitigating the impact of global supply chain disruptions on local farmers.
New Delhi The government on Wednesday (November 11, 2026) approved a ₹62,370 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season 2026-27. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilisers' proposal to fix the Nutrient Based Subsidy (NBS) rates for the Rabi season 2026-27 (from October 2026 to March 31, 2027) on Phosphatic and Potassic (P&K) fertilisers. The Cabinet has approved ₹62,370 crore as subsidy for P&K fertilisers, Union Information and Broadcasting Minister Ashwini Vaishnaw told reporters after the Cabinet meeting. Fertiliser security strong and stable: Union Government Fertiliser security strong and stable: Union Government For Kharif 2026, the Ministry of Fertilisers has assessed the requirement of 390.54 LMT.
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