Cabinet approves ₹62,370 cr. subsidy for P&K fertilisers in rabi season

Union Information and Broadcasting Minister Ashwini Vaishnaw. File | Photo Credit: ANI 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.He said the fertiliser prices have shot up immensely due to the West Asia crisis and the Russia-Ukraine war. However, the Minister said the government has protected farmers' interests by providing adequate fertiliser subsidy.The Modi government has provided a shield to farmers from geopolitical turmoil, he added.Mr. Vaishnaw said the DAP (di-ammonium phosphate) rate would remain the same at ₹1,350 per bag of 50 kg each.The subsidy on P&K fertilisers, including DAP and NPKS (Nitrogen, Phosphorus, Potash, Sulphur) grades, will be provided based on approved rates for Rabi 2026-27 to ensure the smooth availability of these soil nutrients to the farmers at affordable prices. Published - November 11, 2026 04:24 pm IST