The Union Cabinet approved nutrient based subsidy (NBS) rates worth Rs 22,303 crore on phosphatic and potash (P&K) fertilizers for Rabi season 2023-24 (October 1, 2023 to March 31, 2024).
Environment
October 25, 2023 3:17 PM By PIB Delhi The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the approval of Nutrient Based Subsidy (NBS) rates on Phosphate for Rabi season 2023-24 (from 01.10.2023 to 31.03.2024). The proposal of the Department of Fertilizer has been approved. The cost of NBS in Rabi season 2023-24 is estimated to be Rs 22,303 crore. Subsidy will be provided on P&K fertilizers based on the approved rates for Rabi 2023-24 to ensure smooth availability of these fertilizers at affordable, economical and fair prices to the farmers. Availability of fertilizers will be ensured at P&K fertilizers. Rationalization of subsidy on P&K fertilizers in view of recent trends in international prices of fertilizers and input
____________________________
