Union cabinet raises rabi fertilizer subsidy by 64% to ₹62,370 crore

What happened: The Union Cabinet approved a 64% year-on-year rise in rabi season fertilizer subsidies to ₹62,370 crore under the Nutrient Based Subsidy scheme for phosphatic and potassic fertilizers for rabi 2026-27. Key numbers: Subsidy ₹62,370 crore versus ₹37,952 crore last rabi season. Why it matters: The seasonal requirement is about ₹42,034 crore above the remaining FY27 NBS provision, which the content says could pressure the fertilizer budget and require additional funds. FAI said the revision protects farmers from global price volatility and supports domestic production.

The Union Cabinet approved a 64% year-on-year rise in rabi season fertilizer subsidies to ₹62,370 crore under the Nutrient Based Subsidy scheme for phosphatic and potassic fertilizers for rabi 2026-27.

The seasonal requirement is about ₹42,034 crore above the remaining FY27 NBS provision, which the content says could pressure the fertilizer budget and require additional funds. FAI said the revision protects farmers from global price volatility and supports domestic production.