Cabinet approves NBS rates for RABI season 2023-24, Anurag Thakur meets PM Modi
New Delhi (ANI): After the Union Cabinet approved the proposal to set nutrient based subsidy (NBS) rates for the upcoming Rabi season 2023-24, Union Minister Anurag Thakur on Wednesday expressed his gratitude to Prime Minister Narendra Modi And called it “historic”. decision”.
The Union Cabinet on Wednesday revised the Nutrient Based Subsidy (NBS) rates on Phosphatic and Potash (P&K) fertilizers for Rabi season, 2023-24 to ensure availability of fertilizers to farmers at “subsidized, affordable and fair” rates. gave permission.
“I express my heartfelt gratitude to PM Narendra Modi ji for this historic decision, which will further empower our farmers,” Anurag Thakur posted on X (formerly Twitter).
Meanwhile, Union Minister Nitin Gadkari also lauded the Cabinet’s decision to approve the proposal to establish Nutrient Based Subsidy (NBS) rates for the upcoming Rabi season 2023-24.
This decision reflects the government’s unwavering commitment to provide our farmers access to fertilizers at subsidized, cost-effective and equitable prices. It also ensures that the subsidy structure for P&K fertilizers remains in line with dynamic international fertilizer and input prices.
Briefing the media on the decisions of the Union Cabinet, Information and Broadcasting Minister Anurag Thakur said that these decisions are expected to contain details of expenditure of Rs 22,303 crore.
“The subsidy for Rabi season from October 1, 2023 to March 31, 2024 will be as follows – For Nitrogen it will be Rs 47.2 per kg, for Phosphorus it will be Rs 20.82 per kg, Potash subsidy will be Rs 2.38 per kg. And sulfur subsidy will be Rs 1.89 per kg,” he said.
“The subsidy will continue because when international prices rise, the government does not want it to impact our farmers in the country…The subsidy on DAP will continue…DAP will be available at Rs 1350 per bag as per the old rate. NPK will be available at Rs 1,470 per bag.” (ANI)
