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Union Cabinet approves ₹62,370 crore subsidy budget for P&K fertilisers for Rabi season
The subsidy will keep DAP at Rs 1,350 per 50 kg bag and is meant to shield farmers from higher global fertiliser prices.
- On Wednesday, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved Rs 62,370 crore as subsidy for phosphatic and potassic fertilisers for the rabi season 2026-27, up 64% from last year's allocation.
- Global fertiliser prices surged due to the West Asia crisis and the Russia-Ukraine war, prompting the Union Government to shield farmers from geopolitical turmoil through the subsidy allocation.
- Union Information and Broadcasting Minister Ashwini Vaishnaw confirmed the di-ammonium phosphate rate will remain fixed at Rs 1,350 per 50 kg bag, ensuring smooth availability through March 31, 2027.
- Domestic fertiliser sales fell 22% for complex varieties and 4% for urea due to poor rainfall, even as the government spent Rs 1.19 lakh crore on subsidies in the first half of the fiscal.
- The Cabinet also approved a five-year extension for the Stand-Up India Scheme and the Credit Guarantee Fund for Micro Units through March 2031, backed by Rs 4,111 crore and Rs 5,000 crore allocations respectively.
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Government approves Rs 62,370 crore fertiliser subsidy for Rabi 2026-27, up 64% from last year
The Union Cabinet has approved a Rs 62,370 crore fertiliser subsidy for the Rabi 2026-27 season, a 64.3% increase over last year. The higher allocation comes amid rising global fertiliser prices and supply disruptions.
·Noida, India
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PM Modi says farmers remain top priority as Centre clears Rabi fertiliser subsidy
The Union Cabinet has approved an estimated Rs 62,370 crore fertiliser subsidy for the Rabi 2026-27 season. The move aims to protect farmers from global price fluctuations and ensure the availability of fertilisers at affordable rates.
·Noida, India
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Cabinet approves ₹62,370 cr. subsidy for P&K fertilisers in rabi season
Ashwini Vaishnaw said the fertiliser prices have shot up immensely due to the West Asia crisis and the Russia-Ukraine war. However, the Minister said the government has protected farmers' interests by providing adequate fertiliser subsidy
·Chennai, India
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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