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Cabinet approves NBS rates for Phosphatic and Potassic fertilizers for Rabi season 2022-23

02 Nov 2022 Evaluate

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilizers for per Kilogram rates of Nutrient Based Subsidy (NBS) for various Nutrients that is Nitrogen (N), Phosphorus (P), Potash (K) and Sulphar (S) for Phosphatic and Potassic (P&K) fertilizers for Rabi Season - 2022-23 (from October 01, 2022 to March 31, 2023).

For the Rabi season 2022-23, the new rates are Nitrogen at Rs 98.02 per kilogram, Phosphorus at Rs 66.93 per kilogram, Potash Rs 23.65 per kilogram, Sulphar Rs 6.12 per kilogram. Subsidy approved by Cabinet for the NBS Rabi-2022 will be Rs. 51,875 crore including support for indigenous fertilizer (SSP) through freight subsidy.

This will enable smooth availability of all P&K fertilizers to the farmers during Rabi 2022-23 at the subsidized / affordable prices of fertilizers and support the agriculture sector. The volatility in the international prices of fertilizers and raw materials has been primarily absorbed by the Union Government.

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