Government is making available 25 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs. The availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured. The subsidy on P&K fertilizers will be provided based on approved rates for Rabi 2023-24 (applicable from to ) to ensure smooth availability of these fertilizers to the farmers at affordable prices. In the upcoming Rabi season 2023-24, an expenditure of Rs.22,303 crore is expected on NBS. The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Rabi Season 2023-24 (from to ) on Phosphatic and Potassic (P&K) fertilizers.
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