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The Nutrient-Based Subsidy (NBS) Scheme of the Ministry of Chemicals and Fertilizers aims to promote the balanced use of essential nutrients, such as nitrogen, phosphorus, potassium, and sulphur, thereby helping farmers avoid over-dependence on any single fertilizer and maintain soil health while improving productivity. It ensures that fertilizers are available to farmers on time and at affordable, subsidized prices which is vital for smooth crop planning. The scheme also fosters healthy competition among fertilizer companies, driving improvements in quality, innovations, and efficiency in the fertilizer market. By supporting the introduction of new and innovative fertilizers, including advanced and micro nutrient-enriched products, the NBS scheme helps modernize agricultural practices. Additionally, it focuses on rationalizing subsidies by aligning them with global price trends of fertilizers and raw materials, ensuring both farmer support and fiscal responsibility. The government approved the Nutrient-Based Subsidy (NBS) rates for Rabi 2025'26, effective from October 1, 2025 to March 31, 2026, covering Phosphatic and Potassic (P&K) fertilizers, including DAP and NPKS grades. The tentative budget requirement for Rabi 2025'26 is approximately Rs 37,952 crore, about Rs 736 crore higher than the budgetary requirement for the Kharif 2025 season. Powered by Capital Market - Live News
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