The Centre has sufficient funds to meet its fertiliser subsidy commitments for 2026-27, having spent Rs 70,709 crore till July 13 — 39.9 per cent of the total budgetary allocation of Rs 1.77 lakh crore for the year, Parliament was informed on Tuesday.
“Sufficient funds are, therefore, available to meet the subsidy expenditure,” Minister of State for Chemicals and Fertilisers Anupriya Patel said in a written reply to the Rajya Sabha.
To cushion against any spike in subsidy requirements stemming from global market volatility, the government has approved Rs 41,533.81 crore under the Nutrient Based Subsidy (NBS) scheme for the Kharif 2026 season, about Rs 3,581 crore more than the amount cleared for Rabi 2025-26.
Patel said the enhanced allocation would help keep Phosphatic and Potassic (P&K) fertilisers affordable and available for farmers.
Under the NBS scheme, in place since 2010, P&K fertilisers fall under Open General Licence, allowing companies to import or manufacture them
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.