The Union Cabinet sanctioned critical funding across five key areas, covering transport, culture, farming, and entrepreneurship. Urban infrastructure gains momentum through a multi-station metro expansion designed to connect key commercial hubs and transport terminals. Agricultural producers will receive substantial fertilizer subsidies to ensure key nutrients remain affordable during the upcoming rabi season. In parallel, substantial guarantee funds will continue backing credit for micro-enterprises and underrepresented founders through the extended Stand-Up India and MUDRA frameworks.
Key points
Commuters and major IT hubs across the National Capital Region will gain improved connect…: Commuters and major IT hubs across the National Capital Region will gain improved connectivity to regional airports and Delhi upon the metro corridor's four-year completion.
Indian agricultural producers are shielded against international price surges through ded…: Indian agricultural producers are shielded against international price surges through dedicated government subsidies on essential phosphatic and potassic fertilizers.
Small enterprises and underrepresented business owners receive continued institutional fi…: Small enterprises and underrepresented business owners receive continued institutional financing support through dedicated credit guarantee funds running through March 2031.
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NEW DELHI: The Union Cabinet on Wednesday approved five major decisions, including the extension of the Aqua Line Metro corridor from Noida Sector 51 to Greater Noida Sector 4, the development of the Yuge Yugeen Bharat Museum in the North and South Block buildings in Delhi, and a Rs 62,370 crore fertiliser subsidy for the 2026-27 rabi season.
The Cabinet also approved the continuation of credit guarantee schemes to support micro entrepreneurs, as well as women and entrepreneurs from Scheduled Castes and Scheduled Tribes.
Briefing reporters after the Cabinet meeting, chaired by
Prime Minister Narendra Modi, Union minister Ashwini Vaishnaw said the decisions were aimed at strengthening infrastructure, supporting farmers and encouraging entrepreneurship.
"Today, PM Narendra Modi took five major decisions in the Cabinet. The first is the establishment of a new Yuge Yugeen Bharat National Museum, which will showcase India's cultural heritage in a very beautiful manner. It will be the world's largest museum. Second, the Cabinet has approved a metro rail project from Noida to Greater Noida. Third, a fertiliser subsidy of Rs 62,370 crore has been approved…
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