Hyderabad, Oct. 28 -- The union Cabinet today approved the implementation of the Nutrient-Based Subsidy (NBS) scheme worth Rs 37,952 crore for the 2025-26 Rabi season to support fertiliser manufacturing companies and protect farmers from the impact of rising international fertilizer prices.
In a statement here, union Minister for Coal and Mines G Kishan Reddy said the decision, taken under the leadership of Prime Minister Narendra Modi, reflects the Centre's commitment to ensuring affordable fertilizers for farmers while easing financial pressure on manufacturers.
He explained that despite global price surges caused by the pandemic and ongoing geopolitical tensions, the Central Government has consistently absorbed the additional cost to k...