Cabinet Approves NBS Rates for Rabi Season on P&K Fertilizers

New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal of the Ministry of Chemicals & Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for RABI Season, 2024 (from 01.10.2024 to 31.03.2025) on Phosphatic and Potassic (P&K) fertilizers. The tentative budgetary requirement for Rabi season 2024 would be approximately Rs.24,475.53 crore. Benefits : Availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured. Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs. 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Cabinet Approves NBS Rates for Rabi Season on P&K Fertilizers

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