Union Cabinet Approves ₹62,370 Crore NBS Fertilizer Subsidy for Rabi Season 2026-27

Why in the News?

The Union Cabinet has approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for the **Rabi Season 2026–27 (October 1, 2026 to March 31, 2027)** with a total financial outlay of **₹62,370 crore**, marking a 64% increase over the previous Rabi season.

In total, the Cabinet cleared major decisions and development projects worth **₹77,101 crore**.

Key Features / Major Points:

- Fertilizer Subsidy & DAP Price Cushioning:

- **DAP Retail Price:** Farmers will continue to receive a 50 kg bag of Di-Ammonium Phosphate (DAP) at a subsidized rate of **₹1,350**.

- **NBS Rates per Kg:** Nitrogen (N) at ₹94.21/kg, Phosphorus (P) at ₹66.11/kg, Potash (K) at ₹2.38/kg, and Sulphur (S) at ₹10.42/kg.

- Domestic manufacturers of sulphur-based fertilizers will receive support up to **20% of actual procurement cost**.

- Other Major Cabinet Approvals (Total Outlay ₹77,101 Crore):

- **CGFMU Extension:** Credit Guarantee Fund for Micro Units extended till March 2031 (₹5,000 crore corpus). Annual guarantee fee for Mudra loans reduced from 1% to **0.75%**.

- **Stand-Up India Scheme:** Extended to March 2031 (₹4,111 crore corpus) aiming to support 2.5 lakh additional entrepreneurs.

- **Yuge Yugeen Bharat Museum:** **₹3,230 crore** allocated to develop the world's largest museum at North and South Blocks in New Delhi.

- **Noida Metro Aqua Line Expansion:** **₹2,390 crore** sanctioned for an 8.45 km extension from Sector 51 to Greater Noida Sector 4.

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Static GK Facts:

- Nutrient Based Subsidy (NBS) Scheme:

- Implemented in **April 2010** | Administered by the Ministry of Chemicals and Fertilizers.

- Pradhan Mantri MUDRA Yojana (PMMY):

- Launched: **April 8, 2015** | Categories: Shishu (up to ₹50k), Kishore (₹50k to ₹5L), and Tarun (₹5L to ₹20L).

One-Liner Quiz (All Competitive Exams):

Q: What is the total fertilizer subsidy outlay approved by the Cabinet for the Rabi 2026-27 season?

A: ₹62,370 crore

Q: What is the subsidized retail price fixed for a 50 kg DAP bag for Rabi 2026-27?

A: ₹1,350

Q: What is the name of the mega national museum being constructed at North and South Blocks in New Delhi?

A: Yuge Yugeen Bharat Museum

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