Ahead of the 25th installment of the Pradhan Mantri Kisan Yojana, the government has given farmers a significant gift. On Wednesday, November 11th, the Union Cabinet made a significant announcement regarding this scheme. According to this, farmers will now receive significant benefits. What exactly is this scheme and how will it benefit farmers? Let's learn everything in detail.

What's the special decision for farmers?
The Union Cabinet, chaired by Prime Minister Narendra Modi, announced a significant decision. It approved a fertilizer subsidy of ₹62,370 crore for the Rabi season. The 24th installment of the Kisan Yojana was released on October 30th. The Fertilizer Department's proposal to fix the Nutrient Based Subsidy (NBS) rate on phosphatic and potassic (P&K) fertilizers for the Rabi season 2026-27 (October 2026 to March 31, 2027) has been approved. Additionally, a ₹5,000 crore loan guarantee fund under the Mudra scheme and a ₹3,230 crore project to develop the 'Yugyugin Bharat Sangrahalaya' in New Delhi have also been approved.

What did Ashwini Vaishnav clarify?

Union Information and Broadcasting Minister Ashwini Vaishnav clarified to reporters after the meeting that the cabinet had approved a subsidy of ₹62,370 crore for P&K fertilizers. He further stated that the crisis in West Asia and the Russia-Ukraine war had led to a significant increase in fertilizer prices. The minister added that, however, the government had protected the interests of farmers by providing significant fertilizer subsidies.

Elaborating further on this, he clarified that the government has protected farmers' interests by providing substantial fertilizer subsidies. The Modi government has provided farmers with a safety net from geopolitical instability. Vaishnav said that the price of DAP, or diammonium phosphate, will remain at ₹1,350 per 50 kg bag.

He said that subsidies on DAP and P&K fertilizers, which include nitrogen, phosphorus, potash, and sulfur, will be provided based on approved rates for the 2026-27 rabi season. The goal is to make these nutrients readily available to farmers at affordable prices.