New Delhi, 18 September (H.S.): The Union Cabinet chaired by the Prime Minister Narendra Modi approved the

proposal of the Ministry of Chemicals & Fertilizers for fixing the

Nutrient Based Subsidy (NBS) rates for RABI Season, 2024 (from Oct 2024 to

March 2025) on Phosphatic and Potassic (P&K) fertilizers. The tentative

budgetary requirement for Rabi season 2024 would be approximately ₹24,475.53

crore.

With this decision, availability of fertilizers to farmers at

subsidized, affordable and reasonable prices will be ensured.

The subsidy on P&K fertilizers

will be provided based on approved rates for Rabi 2024 (applicable from

01.10.2024 to 31.03.2025) to ensure smooth availability of these fertilizers to

the farmers at affordable prices.

Government is making available 28

grades of P&K fertilizers to farmers at subsidized prices through

fertilizer manufacturers/importers. The subsidy on P&K fertilizers is

governed by NBS Scheme w.e.f. Aprill 1, 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 i.e. Urea, DAP, MOP

and Sulphur, Government has decided to approve the NBS rates for Rabi 2024

effective from 01.10.24 to 31.03.25 on Phosphatic and Potassic (P&K)

fertilizers. 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.

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Hindusthan Samachar / Nimish kumar