New Delhi, Mar 28 (UNI) The Union Cabinet on Friday approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Kharif Season, 2025 (from 01.04.2025 to 30.09.2025) on Phosphatic and Potassic (P&K) fertilizers.
The budgetary requirement for Kharif season 2024 would be approximately Rs. 37,216.15 crore. This is approximate Rs. 13,000 crore more than the budgetary requirement for Rabi seasons 2024-25, an official statement said after the Cabinet meeting chaired by Prime Minister Narendra Modi.
Major benefit of this decision will that it will ensure availability of fertilizers to farmers at subsidized, affordable and reasonable prices, the government said adding it will also lead to rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs.
The subsidy on P&K fertilizers including NPKS grades will be provided based on approved rates for Kharif 2025 (applicable from 01.04.2025 to 30.09.2025) 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. 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 i.e. Urea, DAP, MOP and Sulphur, Government has decided to approve the NBS rates for Kharif 2025 effective from 01.04.25 to 30.09.25 on Phosphatic and Potassic (P&K) fertilizers including 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, the statement added.
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