National 12 November 2026
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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