On Thursday, the Union Cabinet endorsed the Nutrient Based Subsidy (NBS) rates for phosphatic and potassium (P&K) fertilizers for the upcoming Kharif season. The tentative budgetary allocation for this scheme is approximately ₹24,420 crore. Subsidy rates for nitrogen (N), phosphatic (P), potassic (K), and sulphur (S) stand at ₹47.02 per kg, ₹28.72 per kg (₹20.82 per kg in the 2023 rabi season), ₹2.38 per kg, and ₹1.89 per kg, respectively, as disclosed by Union Information and Broadcasting Minister Anurag Thakur post the Cabinet meeting.
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