Cabinet approves higher fertilizer subsidy of ₹41,534 crore for 2026 kharif
Mint·2h ago·Neutral
What Happened
India's Union cabinet approved ₹41,533.81 crore nutrient-based subsidy for phosphatic and potassic fertilizers for kharif 2026. The allocation increased by ₹4,317 crore compared to kharif 2025, aiming to keep fertilizer prices affordable amid volatile global markets. The subsidy covers 28 fertilizer grades including DAP, applicable April 1 to September 30, 2026.
Key Entities
Union CabinetNutrient Based Subsidy (NBS)₹41,533.81 crorePhosphatic and potassic fertilizersDAP (Diammonium Phosphate)Kharif 2026Ashwini VaishnawWest AsiaIndia