Cabinet Approves ₹77,101-Crore Package

On 11 November 2026, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved projects and schemes estimated at ₹77,101 crore. The package includes a Noida-Greater Noida Metro extension, a seasonal fertiliser subsidy and continued support for small businesses.

Metro and fertiliser decisions

The Cabinet approved an 8.45-km extension of the Aqua Line from Noida Sector 51 to Greater Noida Sector 4. The ₹2,390-crore project will have five elevated stations and take the active Metro network across Noida and Greater Noida to 71.878 km.

A ₹62,370-crore subsidy was approved for phosphatic and potassic (P&K) fertilizers during the Rabi 2026-27 season, from 1 October 2026 to 31 March 2027. This is about ₹24,417.73 crore above the ₹37,952.29 crore allocated for Rabi 2025-26. The subsidy is intended to help keep these fertilizers affordable amid rising global prices.

Museum and small-business support

The Cabinet cleared the ₹3,230-crore Yuge Yugeen Bharat Museum at the North and South Block complex in Delhi. It also approved continuation of the Stand-Up India Scheme and the Credit Guarantee Fund for Micro Units (CGFMU) until 31 March 2031. The CGFMU has a corpus of ₹5,000 crore.

Important Facts for Exams

• Metro ownership: The Noida Metro Rail Corporation is a 50:50 joint venture of the Government of India and Uttar Pradesh, established as the special-purpose company responsible for the Aqua Line.
• P&K subsidy mechanism: India’s Nutrient Based Subsidy regime sets support rates per kilogram of nutrient content, rather than reimbursing the full cost of each P&K fertiliser product.
• Stand-Up India eligibility: Stand-Up India is restricted to greenfield enterprises; in non-individual firms, an eligible woman or SC/ST entrepreneur must hold at least 51% ownership and controlling stake.
• CGFMU administration: The CGFMU is administered by the National Credit Guarantee Trustee Company and provides guarantee cover to eligible lenders for loans extended under the Pradhan Mantri Mudra Yojana.