New Delhi:The Union government on Wednesday approved 12 per cent hike in subsidy for Phosphatic and Potassic (P&K) fertilisers for Kharif 2026 season to Rs 41,534 crore in order to insulate farmers from rising global prices amid the West Asia conflict. The subsidy for P&K fertilisers for Kharif 2025 season was Rs 37,216 crore. The decision, taken at a Cabinet meeting chaired by Prime Minister Narendra Modi, fixed subsidy rates effective April 1 to September 30, 2026. For Kharif 2026, the government has set subsidy for nitrogen at Rs 47.32 per kg (up from Rs 43.02 per kg in rabi 2025-26), phosphate at Rs 52.76 per kg against Rs 47.96 per kg, and sulphur at Rs 3.16 per kg against Rs 2.87 per kg). The potash subsidy has been held steady at Rs 2.38 per kg. Subsidy is extended across 28 grades of P&K fertilisers under the Nutrient Based Subsidy (NBS) scheme, in force since April 2010.