Business · Economy · 8 hrs ago
Cabinet approves ₹62,370 crore fertiliser subsidy for 2026-27 rabi season
India’s Union Cabinet approved about ₹62,370 crore in fertiliser subsidies for the 2026-27 rabi season.
The support covers phosphatic and potassic fertilisers, including DAP and NPKS grades, used by farmers.
The approved rates apply from October 1, 2026, to March 31, 2027, during the rabi cropping season.
The government says the subsidy will help keep fertilisers available to farmers at affordable prices.
Officials cited rising international fertiliser and input prices, linked by a minister to the West Asia crisis and the Russia-Ukraine war.
Under the Nutrient Based Subsidy scheme, subsidies are paid to fertiliser companies at approved rates.
The price of a 50-kilogram DAP bag remains ₹1,350, according to the minister.
India’s Union Cabinet approved Nutrient Based Subsidy rates for phosphatic and potassic fertilisers for the 2026-27 rabi season.
The subsidy was announced as ₹62,370 crore by The Hindu, while Business Standard reported a tentative budgetary requirement of ₹62,370.02 crore.
The rates apply from October 1, 2026, to March 31, 2027, and cover DAP and various NPKS grades.
The government said the move would help ensure fertilisers remain available to farmers at subsidised and affordable prices.
Ashwini Vaishnaw said the DAP price would remain ₹1,350 per 50-kilogram bag.
- Who
- The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the subsidy.
- What
- It approved Nutrient Based Subsidy rates for phosphatic and potassic fertilisers. The reported amount is ₹62,370 crore or, in Business Standard, a tentative ₹62,370.02 crore.
- When
- The approval was announced on November 11, 2026. The rates apply from October 1, 2026, to March 31, 2027.
- Where
- India.
- Why
- The government said the decision would help ensure fertiliser availability at subsidised, affordable prices, in view of international prices for fertilisers and inputs.
This story does not have two clearly opposing sides.
The Nutrient Based Subsidy scheme began.
The approved subsidy rates began to apply for the rabi 2026-27 season.
The Union Cabinet approved the subsidy rates.
The approved rates are due to end.
- Subsidy announced
- ₹62,370 crore
- Tentative budgetary requirement
- ₹62,370.02 crore
- Previous season's budgetary requirement
- ₹37,952.29 crore for Rabi 2025-26
- Covered fertilisers
- P&K fertilisers, including DAP and NPKS grades
- DAP price
- ₹1,350 per 50-kilogram bag
3 sources
What people are saying
fertiliser prices have shot up immensely due to the West Asia crisis and the Russia-Ukraine war.
The Modi government has provided a shield to farmers from geopolitical turmoil