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The Economic Times
The Economic Times
National

Fertiliser industry seeks hike in subsidy rate for Kharif season due to rising raw material cost

India FAI Middle East

New Delhi, Fertiliser Association of India (FAI) has sought an increase in the Nutrient Based Subsidy (NBS) rates fixed by the government for the ongoing Kharif season due to an increase in the cost of raw materials amid the West Asia conflict, sources said.

In April, the government approved a Rs 41,534 crore subsidy for Phosphatic and Potassic (P&K) fertilisers for the upcoming 2025-26 kharif season, up by 12 per cent from the year-ago period.

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