Cabinet Approves Nutrient Based Subsidy Rates for Kharif 2026

The Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned the Nutrient Based Subsidy rates on Phosphatic and Potassic fertilizers for the Kharif season of 2026, projected at Rs.41,533.81 crore, which is Rs.4,317 crore higher than the budget for 2025. This move ensures that farmers receive fertilizers at subsidized rates amidst fluctuating international market prices.

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