Fertiliser subsidy likely to stay at current level in FY26

GOVT MAY STICK TO THE ALLOCATION, AS SUBSIDY UTILISATION HAS FOLLOWED ANTICIPATED TREND IN FY25

- Gireesh Chandra Prasad & Dhirendra Kumar

NEW DELHI: The Centre's fertiliser subsidy allocation for FY26 is likely to stay close to the current year's spending, as fluctuations in the prices of key plant nutrients remain within a relatively narrow range, two persons familiar with the development said.

For the current financial year, the government initially allocated ₹1.64 lakh crore and topped it up with another ₹6,594 crore in December, taking the total to ₹1.7 crore.

For FY26, fertiliser subsidy, the second biggest subsidy offered by the Centre after food, is likely to be in this range as subsidy utilisation in the current fiscal has broadly matched anticipated trend, said one of the persons quoted above.