Union Cabinet Approves Nutrient Based Subsidy Rates for Kharif Season 2026
Cabinet approves Nutrient Based Subsidy (NBS) rates for coming Kharif Season
Business Standard
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The Union Cabinet of India has approved the Nutrient Based Subsidy (NBS) rates for the Kharif season of 2026, increasing the budget to approximately ₹41,533.81 crore (around $5 billion USD), which is ₹4,317 crore more than the previous year. This aims to ensure affordable fertilizer prices for farmers.
- 01The budget for Kharif season 2026 is set at ₹41,533.81 crore.
- 02This represents an increase of ₹4,317 crore from Kharif 2025's budget.
- 03The subsidy will apply to Phosphatic and Potassic fertilizers, including DAP and NPKS grades.
- 04The subsidy rates will be effective from April 1, 2026, to September 30, 2026.
- 05The initiative aims to provide farmers with affordable fertilizers.
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The Union Cabinet of India has approved the Nutrient Based Subsidy (NBS) rates for the Kharif season of 2026, setting a budget of approximately ₹41,533.81 crore (around $5 billion USD). This budget reflects an increase of ₹4,317 crore compared to the ₹37,216.15 crore allocated for the Kharif season of 2025. The subsidy will cover Phosphatic and Potassic fertilizers, including DAP (Diammonium Phosphate) and NPKS (Nitrogen, Phosphorus, Potassium, and Sulfur) grades, ensuring that farmers have access to these essential fertilizers at subsidized and reasonable prices. The new rates will be effective from April 1, 2026, to September 30, 2026, facilitating smooth availability and affordability for farmers during the Kharif season.
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This subsidy increase will help ensure that farmers can access fertilizers at lower prices, potentially improving crop yields and agricultural productivity.
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