The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the proposal of the Ministry of Chemicals & Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for RABI Season, 2024 (from 01.10.2024 to 31.03.2025) on Phosphatic and Potassic (P&K) fertilizers. The subsidy on P&K fertilizers will be provided based on approved rates for Rabi 2024 (applicable from 01.10.2024 to 31.03.2025) to ensure smooth availability of these fertilizers to the farmers at affordable prices. The tentative budgetary requirement for rabi season 2024 would be approximately Rs 24,475.53 crore.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Discover LocalTak, your trusted platform for timely news updates and comprehensive media insights. Stay informed with accurate reporting, insightful analysis, and in-depth coverage across a wide range of topics. Join us to stay ahead in an ever-changing world.