Cabinet approves rabi fertiliser subsidy rates, estimated outlay rises 64% to Rs 62,370 crore

The Cabinet approved a fertiliser subsidy of ₹62,370 crore for the Rabi 2026-27 season. Business Standard reported the figure and said the government stated the move would ensure fertilisers reach farmers at subsidised, affordable prices. BusinessLine reported the same ₹62,370-crore amount and said the package includes Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the period October 1, 2026 to March 31, 2027. Rabi is the winter crop season, sown around October to December and harvested in spring. A subsidy is money the government pays to keep a product's price lower for buyers. Under the Nutrient Based Subsidy, the government fixes a per-kilogramme support amount for each nutrient in a fertiliser, and companies sell at the reduced price. Phosphatic and potassic fertilisers are those built around phosphorus and potassium, two of the main plant nutrients. Both outlets gave the same total; only BusinessLine listed the NBS rate period.

AI summary of what BusinessLine and Business Standard reported. AI can make mistakes. Read the full story on BusinessLine