New Delhi, April 8: The Union Cabinet chaired by Prime Minister Narendra Modi today approved proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Kharif season 2026 on Phosphatic and Potassic (P&K) fertilizers.

The tentative budgetary requirement for Kharif season 2026 would be approximately Rs.41,533.81 crore. This is approximate Rs. 4,317 crore more than the budgetary requirement for Kharif 2025 season. The budget for Kharif 2025 was Rs.37,216.15 crore.

Benefits:

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.

The subsidy on P&K fertilizers including DAP and NPKS grades will be provided based on approved rates for Kharif 2026 (applicable from 01.04.2026 to 30.09.2026) to ensure smooth availability of these fertilizers to the farmers at affordable prices.