<p>New Delhi: The government on Wednesday approved Rs 24,474.53 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season of 2024-25 to ensure supply of crop nutrients to farmers at affordable rates.</p><p>The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers.</p><p>"The tentative budgetary requirement for rabi season 2024 would be approximately Rs 24,475.53 crore," an official statement said.</p>.Cabinet approves continuation of PM-AASHA to provide better prices to farmers.<p>The decision is aimed at ensuring the availability of fertilizers to farmers at subsidized, affordable and reasonable prices.</p><p>The government is making available 28 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers.</p><p>The subsidy on P&K fertilizers is governed by the NBS scheme with effect from April 1, 2010.</p><p>"In view of the recent trends in the international prices of fertilizers & inputs i.e. urea, DAP, MOP and sulphur, government has decided to approve the NBS rates for Rabi 2024 on P&K fertilizers," the statement said.</p><p>The subsidy would be provided to the fertilizer companies as per approved and notified rates of N (nitrogen), P (phosphorus) and K (potash) so that fertilizers are made available to farmers at affordable prices, it added.</p>
<p>New Delhi: The government on Wednesday approved Rs 24,474.53 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season of 2024-25 to ensure supply of crop nutrients to farmers at affordable rates.</p><p>The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers.</p><p>"The tentative budgetary requirement for rabi season 2024 would be approximately Rs 24,475.53 crore," an official statement said.</p>.Cabinet approves continuation of PM-AASHA to provide better prices to farmers.<p>The decision is aimed at ensuring the availability of fertilizers to farmers at subsidized, affordable and reasonable prices.</p><p>The government is making available 28 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers.</p><p>The subsidy on P&K fertilizers is governed by the NBS scheme with effect from April 1, 2010.</p><p>"In view of the recent trends in the international prices of fertilizers & inputs i.e. urea, DAP, MOP and sulphur, government has decided to approve the NBS rates for Rabi 2024 on P&K fertilizers," the statement said.</p><p>The subsidy would be provided to the fertilizer companies as per approved and notified rates of N (nitrogen), P (phosphorus) and K (potash) so that fertilizers are made available to farmers at affordable prices, it added.</p>