The Union Cabinet on Wednesday approved a ₹22,303 crore subsidy on P&K fertilisers for the current Rabi season to ensure farmers continue to get soil nutrients at reasonable rates despite high global prices.
The decision was informed by Information and Broadcasting Minister Anurag Thakur after the Cabinet meeting.
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).