The Cabinet on Wednesday, October 25, approved subsidy of ₹22,303 crore for phosphatic and potassic (P&K) fertilisers for Rabi season in view of rising international prices. The Nutrient Based Subsidy (NBS) rates is for the Rabi season from the period October 1, 2023 to March 31, 2024.
The subsidy for nitrogen will be ₹47.2 per kg, phosphorus will be ₹20.82 per kg, potash will be ₹2.38 per kg, and sulphur will be ₹1.89 per kg.
Cabinet approves Nutrient Based Subsidy (NBS) rates for RABI Season, 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers. pic.twitter.com/nzGp3PG3hf
— ANI (@ANI) October 25, 2023
"The subsidy will continue because when international prices rise as the government does not want it to impact our farmers in the country," Thakur told the media.
The subsidy on Di-ammonium Phosphate (DAP) will continue for ₹4500 per ton. The DAP will be available for ₹1350 per bag as per the old rate and the ) will be available at the price of ₹1470 per bag.
First Published: Oct 25, 2023 3:49 PM IST
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