The Union Cabinet cleared a massive Rs 62,370.02 crore Nutrient Based Subsidy on phosphatic and potassic fertilisers for the Rabi 2026-27 season. Transit within the National Capital Region will expand through a Rs 2,390 crore Aqua Line Metro extension featuring five new stations. In addition, the government committed Rs 3,230 crore to construct the Yuge Yugeen Bharat Museum within New Delhi's historic North and South Blocks. Financial inclusion was also strengthened by extending the Stand-Up India scheme until March 31, 2031, with plans to support 2.5 lakh more entrepreneurs.
Key points
Farmers are shielded from shifting international fertiliser prices through targeted Nutri…: Farmers are shielded from shifting international fertiliser prices through targeted Nutrient Based Subsidy allocations extending through March 2027.
Commuters will benefit from improved regional transit as the combined active Metro networ…: Commuters will benefit from improved regional transit as the combined active Metro network in Noida and Greater Noida expands to 71.878 km.
Emerging entrepreneurs will access enhanced credit resources through the prolonged Stand-…: Emerging entrepreneurs will access enhanced credit resources through the prolonged Stand-Up India initiative and a Rs 5,000 crore guarantee fund corpus.
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The approvals also include the development of the Yuge Yugeen Bharat Museum at the North and South Block complex in New Delhi at a cost of Rs 3,230 crore, and the continuation of the Stand-Up India scheme until March 31, 2031.
Also Read: Noida to Greater Noida West Metro gets Rs 2,390 crore boost: 8.5-km Aqua Line extension to have five new stations; check route, interchange & completion timeline
The metro extension, estimated to cost Rs 2,390 crore, will connect Noida Sector 51 with Greater Noida Sector 4 through an 8.449-km elevated corridor with five stations. The fertiliser subsidy provision of Rs 62,370.02 crore is around Rs 24,417.73 crore higher than the budgetary requirement for the Rabi 2025-26 season.
The Cabinet also approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU), with a corpus of Rs 5,000 crore, and the Stand-Up India scheme, which is intended to extend financial assistance to an additional 2.5 lakh entrepreneurs over five years.
Noida-Greater Noida Metro to get 8.45-km extension
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