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PM Modi Approves Rabi Fertiliser Subsidy to Shield Farmers from Global Price Swings
Sentiment: NeutralHigh Priority
What Happened?
The Union Cabinet has approved a Rs 62,370 crore fertiliser subsidy for the Rabi 2026-27 season to protect farmers from global price fluctuations. This includes 28 grades of P&K fertilisers.
Key points
- The fertiliser subsidy is aimed at ensuring affordable fertiliser availability for farmers.
- The budget for the Rabi 2026-27 season is Rs 62,370.02 crore.
- This allocation is Rs 24,417.73 crore higher than the previous year's budget.
- Farmers will receive 28 grades of P&K fertilisers, including Di-Ammonium Phosphate (DAP).
- The subsidy aims to mitigate the impact of international fertiliser price fluctuations.
Key insights
- The increased subsidy allocation may lead to better crop yields for farmers.
- Farmers' reliance on subsidized fertilisers could increase, impacting their purchasing decisions.
- The government's commitment to agricultural support may enhance farmer confidence.
Why it matters
This subsidy could help stabilize the income of farmers amid fluctuating global prices.
Source
India Today
