The Union Cabinet chaired by the Prime Minister Narendra Modi today has approved proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for KHARIF Season, 2026 (from 01.04.2026 to 30.09.2026) on Phosphatic and Potassic (P&K) fertilizers. The tentative budgetary requirement for Kharif season 2026 would be approximately Rs.41,533.81 crore. This is approximate Rs. 4,317 crore more than the budgetary requirement for Kharif 2025 season. The budget for Kharif 2025 was Rs.37,216.15 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.
Implementation Strategy and targets:
The subsidy on P&K fertilizers including DAP and NPKS grades will be provided based on approved rates for Kharif 2026 (applicable from 01.04.2026 to 30.09.2026) to ensure smooth availability of these fertilizers to the farmers at affordable prices.
Background:
Government is making available 28 grades of P&K fertilizers including DAP to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is governed by NBS Scheme w.e.f. 01.04.2010. In accordance with its farmer friendly approach, the Government is committed to ensure the availability of P&K fertilizers to the farmers at affordable prices.
In view of the recent trends in the international prices of fertilizers & inputs like Urea, DAP, MOP and Sulphur, Government has decided to approve the NBS rates for Kharif 2026 effective from 01.04.2026 to 30.09.2026 on Phosphatic and Potassic (P&K) fertilisers including DAP and NPKS grades. The subsidy would be provided to the fertilizer companies as per approved and notified rates so that fertilizers are made available to farmers at affordable prices.
