Key Points
The union Cabinet on Thursday approved a subsidy of 24,420 crore for phosphatic and potassic (P&K) fertilisers and kept the rate for di-ammonium phosphate (DAP) unchanged at 1,350 per bag of 50 kg for the upcoming kharif season...
The Cabinet also approved the inclusion of three new fertiliser grades under the Nutrient-Based Subsidy (NBS) scheme in order to reduce the dependence on imports, information and broadcasting minister Anurag Thakur said at a press conference...
The subsidy on phosphatic fertilisers has been increased to 28.72 per kg for the April-September 2024 kharif season from 20.82 in the 2023 rabi season..
With the subsidy, DAP, which is sold at 1,350 per bag, and muriate of potash, which costs 1,670 per bag, will continue to be available at the same rate in the upcoming kharif season, while NPK will be available at 1,470 per bag...
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