Cabinet Greenlights Nutrient-Based Subsidy for Kharif Season 2024, Introduces Three New Fertilizer Grades
New Delhi: In a significant move, the Cabinet led by Prime Minister Narendra Modi has given its nod to the Nutrient-Based Subsidy (NBS) rates for the upcoming Kharif Season 2024, spanning from April 1st to September 30th, 2024. This decision, announced by Union Minister Anurag Thakur, entails the inclusion of three new fertilizer grades within the NBS scheme, signaling a strategic step towards bolstering agricultural sustainability.
The government has allocated a substantial subsidy amounting to Rs 24,420 crore specifically designated for NBS-based nutrients. Minister Anurag Thakur disclosed during a press briefing that the subsidy rates for Nitrogen (N), Phosphatic (P), Potassic (K), and Sulphur (S) for the 2024 Kharif season have been delineated as Rs 47.02 per kg, Rs 28.72 per kg, Rs...