The Union Cabinet approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for the Rabi 2025-26 season (October–March). This approval involves a subsidy of ?37,952 crore and aims to insulate farmers against the rise in global soil nutrient prices, ensuring the availability of non-urea fertilizers at affordable rates.
📚 Test Your Knowledge:
Which mechanism's rates did the Cabinet approve for P&K fertilizers for the Rabi 2025-26 season?
Correct Answer: Nutrient Based Subsidy (NBS)