BusinessCabinet Approves Rs 24,475 Crore Subsidy on P&K Fertilisers...

Cabinet Approves Rs 24,475 Crore Subsidy on P&K Fertilisers for Rabi Season – News18

-

- Advertisment -spot_img


Published By:

Last Updated:

The government is making available 28 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers.

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers.

The government on Wednesday approved Rs 24,474.53 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season of 2024-25 to ensure supply of crop nutrients to farmers at affordable rates. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers.

“The tentative budgetary requirement for rabi season 2024 would be approximately Rs 24,475.53 crore,” an official statement said.

The decision is aimed at ensuring the availability of fertilizers to farmers at subsidized, affordable and reasonable prices.

The government is making available 28 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers.

The subsidy on P&K fertilizers is governed by the NBS scheme with effect from April 1, 2010.

“In view of the recent trends in the international prices of fertilizers & inputs i.e. urea, DAP, MOP and sulphur, government has decided to approve the NBS rates for Rabi 2024 on P&K fertilizers,” the statement said.

The subsidy would be provided to the fertilizer companies as per approved and notified rates of N (nitrogen), P (phosphorus) and K (potash) so that fertilizers are made available to farmers at affordable prices, it added.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Sweden’s H&M Move unveils S/S 2025 running collection

H&M Move’s new S/S 2025 running collection caters to athletes, weekend joggers, and athleisure...

U.S. Arrests 2nd Person Tied to Pro-Palestinian Protests at Columbia

A second person who took part in pro-Palestinian protests at Columbia University has been arrested by U.S. immigration...

Watch Live: NASA, SpaceX launch Starliner astronauts’ replacement crew

Running two days late, a replacement space station crew blasted off Friday on a...
- Advertisement -spot_imgspot_img

Photos Show Blood Moon Lunar Eclipse Around the World

From Thursday night into Friday morning, the Earth’s shadow gradually overtook the moon’s typically bright white face, which...

Michigan attempting to launch D-I women’s hockey

Mar 14, 2025, 12:54 PM ETUniversity of Michigan regent Denise Ilitch told The Associated Press she believes there's...

Must read

New country album pays homage to Tom Petty

New country album pays homage to Tom Petty...

At least 10 shot dead as section of Kenyan parliament set on fire

At least ten people were shot dead in...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you