NBS Rabi 2026-27: Cabinet clears ₹62,370 crore subsidy for DAP and NPK fertilizers

Union Cabinet approved Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilizers for Rabi 2026-27 on 11 November 2026. Total subsidy is about ₹62,370.02 crore for the season running from 1 October 2026 to 31 March 2027.

That's about ₹24,417.73 crore more than the Rabi 2025-26 budget of ₹37,952.29 crore. DAP and NPK grades are covered. Companies get the subsidy at the approved rates so farmers can buy these fertilizers at lower prices.

As per the Cabinet release, the rates were reworked after recent changes in world prices of urea, DAP, MOP and sulphur. Per-kg rates for each nutrient were not given in it. Urea stays under its own fertilizer subsidy scheme.