New Delhi: The Union Cabinet approved a Rs 22,303 crore subsidy on P&K fertilisers for the current Rabi season. The decision was taken to ensure farmers continue to get soil nutrients at reasonable rates despite high global prices. Union Information and Broadcasting Minister Anurag Thakur announced this .
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The Union Cabinet has approved nutrient-based subsidy rates (NBS) for various nutrients, like nitrogen, phosphorous, potash and sulphur for the Rabi crop season (October 1, 2023 – March 31, 2024). Di-ammonium phosphate will continue to be sold at the old rate of Rs 1,350 per bag, while for Muriate of Potash (MoP) the rate will go down.
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