Cabinet approves Nutrient Based Subsidy rates for Kharif Season, 2024

Published By : Admin | February 29, 2024 | 16:28 IST

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for KHARIF Season, 2024 (from 01.04.2024 to 30.09.2024) on Phosphatic and Potassic (P&K) fertilizers and inclusion of 3 new fertilizer grades under NBS scheme. The tentative budgetary requirement for Kharif season 2024 would be approximately Rs.24,420 crore.

Benefits:

  1. Availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured.
  2. Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs.
  3. Inclusion of three new grades in NBS will support in promoting balanced soil health and offer alternatives to the framers to choose fertilizers fortified with micro-nutrients as per the soil requirement.

Implementation Strategy and targets:

The subsidy on P&K fertilizers will be provided based on approved rates for Kharif 2024 (applicable from 01.04.2024 to 30.09.2024) to ensure smooth availability of these fertilizers to the farmers at affordable prices.

Background:

Government is making available 25 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is governed by NBS Scheme w.e.f 01.04.2010. In accordance with its farmer friendly approach, the Government is committed to ensure the availability of P&K fertilizers to the farmers at affordable prices. 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 Kharif 2024 effective from 01.04.24 to 30.09.24 on Phosphatic and Potassic (P&K) fertilizers. Government has also decided to include 3 new Fertilizer grades under the NBS scheme. The subsidy would be provided to the fertilizer companies as per approved and notified rates so that fertilizers are made available to farmers at affordable prices.

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Prime Minister extends greetings to people of Jharkhand on State Foundation Day
November 15, 2025
Prime Minister pays tributes to Bhagwan Birsa Munda on his 150th Jayanti

The Prime Minister, Shri Narendra Modi, has conveyed his heartfelt wishes to all people of Jharkhand on the occasion of the State’s Foundation Day. He said that Jharkhand is a glorious land enriched with vibrant tribal culture. Recalling the legacy of Bhagwan Birsa Munda, the Prime Minister noted that the history of this sacred land is filled with inspiring tales of courage, struggle and dignity.

The Prime Minister also extended his good wishes for the continued progress and prosperity of all families in the State on this special occasion.

The Prime Minister, Shri Narendra Modihas also paid respectful tributes to the great freedom fighter Bhagwan Birsa Munda on his 150th Jayanti. He said that on the sacred occasion of Janjatiya Gaurav Diwas, the entire nation gratefully remembers his unparalleled contribution to protecting the honour and dignity of the motherland. The Prime Minister added that Bhagwan Birsa Munda’s struggle and sacrifice against the injustices of foreign rule will continue to inspire generations to come.

The Prime Minister posted on X;

“जनजातीय संस्कृति से समृद्ध गौरवशाली प्रदेश झारखंड के सभी निवासियों को राज्य के स्थापना दिवस की बहुत-बहुत शुभकामनाएं। भगवान बिरसा मुंडा जी की इस धरती का इतिहास साहस, संघर्ष और स्वाभिमान की गाथाओं से भरा हुआ है। आज इस विशेष अवसर पर मैं राज्य के अपने सभी परिवारजनों के साथ ही यहां की प्रगति और समृद्धि की कामना करता हूं।”

“देश के महान स्वतंत्रता सेनानी भगवान बिरसा मुंडा जी को उनकी 150वीं जयंती पर शत-शत नमन। जनजातीय गौरव दिवस के इस पावन अवसर पर पूरा देश मातृभूमि के स्वाभिमान की रक्षा के लिए उनके अतुलनीय योगदान को श्रद्धापूर्वक स्मरण कर रहा है। विदेशी हुकूमत के अन्याय के खिलाफ उनका संघर्ष और बलिदान हर पीढ़ी को प्रेरित करता रहेगा।”