New Delhi, Oct 28 (PTI) The Cabinet on Tuesday approved a Rs 37,952 crore subsidy for phosphorous and potassic fertilisers for the ongoing 2025-26 rabi season.
The Cabinet, headed by Prime Minister Narendra Modi, approved a subsidy rate of Rs 43.02 per kg for Nitrogen (N), Rs 47.96 per kg for Phosphorous (P), Rs 2.38 per kg for Potash (K) and Rs 2.87 per kg for Sulphur (S) for the current rabi season.
“The subsidy approved for 2025 rabi is higher by about Rs 14,000 crore from the previous year,” Information and Broadcasting Minister Ashwani Vaishnaw told reporters.
The subsidy rate has been fixed under the Nutrient Based Subsidy (NBS) Scheme considering import price and other factors like nutrient requirement, subsidy burden and MRP, etc, he said.
The subsidy rates will be applicable from October 1.
Rabi (winter) sowing has started in many parts of the country. Wheat, mustard seed and gram are the main crops grown in this season. PTI LUX TRB
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.