India, April 9 -- The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved a 12 per cent hike in subsidy for Phosphatic and Potassic (P&K) fertilisers for the Kharif 2026 season to INR 41,534 crore in order to insulate farmers from rising global prices amid the West Asia conflict.The subsidy for P&K fertilisers for the Kharif 2025 season was INR 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 a subsidy for nitrogen at INR 47.32 per kg (up from INR 43.02 per kg in Rabi 2025-26), phosphate at INR 52.76 per kg against INR 47.96 per kg, and ...