Union Minister Anurag Thakur. PTI
The Union Cupboard on Wednesday authorized Nutrient Based mostly Subsidy (NBS) charges for Rabi season 2023-24, on Phosphatic and Potassic (P&Okay) fertilizers to make sure the supply of fertilisers to farmers at “subsidised, affordable and reasonable” charges.
Briefing the media on the choices of the union cupboard, Data and Broadcasting Minister Anurag Thakur mentioned the choices are anticipated to ivolve an expenditure of Rs 22,303 crore.
“Subsidy for the Rabi season from October 1, 2023 till March 31, 2024, will be like this – for the nitrogen it will be Rs 47.2 per kg, phosphorus will be Rs 20.82 per kg, potash subsidy will be Rs 2.38 per kg and the sulphur subsidy will be Rs 1.89 per kg,” he mentioned.
“The subsidy will continue because when international prices rise, the government does not want it to impact our farmers in the country… Subsidy on DAP will continue…DAP will be available for Rs 1350 per bag as per the old rate. The NPK will be available at Rs 1,470 per bag,” he added.