Subsidy approved will be Rs 51,875 Cr
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilisers for per Kilogram rates of Nutrient Based Subsidy (NBS) for various Nutrients that is Nitrogen (N), Phosphorus (P), Potash (K) and Sulphur (S) for Phosphatic and Potassic (P&K) fertilisers for Rabi Season – 2022-23.
Subsidy approved by Cabinet for the NBS Rabi-2022 (from 01.10.2022 to 31.03.2023) will be Rs 51,875 crore including support for indigenous fertiliser (SSP) through freight subsidy.
This will enable smooth availability of all P&K fertilisers to the farmers during Rabi 2022-23 at the subsidised / affordable prices of fertilisers and support the agriculture sector.
The variation of trading prices in the international market of fertilisers and raw materials has been primarily absorbed by the Union Government.