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AgenciesThe Union Cabinet on Wednesday approved a series of proposals, worth Rs 77,101-crore, package spanning heritage infrastructure, urban transport, fertiliser subsidies and credit support for small businesses, including a Rs 3,230-crore Yuge Yugeen Bharat Museum in Delhi and a Rs 2,390-crore metro rail project connecting Noida with Greater Noida.
The decisions, announced by Union Minister Ashwini Vaishnaw, also include an allocation of Rs 62,370 crore for Nutrient Based Subsidy (NBS) rates on phosphatic and potassic fertilisers for the Rabi 2026-27 season, along with Rs 9,111 crore for two credit guarantee funds aimed at supporting micro units and beneficiaries of the Stand-Up India scheme.
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 Yuge Yugeen Bharat Museum will be developed at the North and South Block complex in New Delhi. The project is intended to showcase India's civilisational heritage and history through a national museum. The museum is being developed in the buildings that previously housed key government offices.
The Cabinet also approved the Noida-Greater Noida metro rail project, estimated to cost Rs 2,390 crore, to strengthen public transport connectivity between the two urban centres.
On the agricultural front, the Cabinet approved NBS rates for the Rabi 2026-27 season with a budgetary allocation of Rs 62,370 crore. The subsidy is aimed at ensuring the availability of phosphatic and potassic fertilisers, including DAP and NPKS grades, to farmers at affordable prices.
The Cabinet further approved Rs 5,000 crore for the Credit Guarantee Fund for Micro Units and Rs 4,111 crore for the Credit Guarantee Fund for Stand-Up India. The funds are intended to strengthen credit access for small entrepreneurs and businesses by supporting lending through credit guarantees.
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The decisions, announced by Union Minister Ashwini Vaishnaw, also include an allocation of Rs 62,370 crore for Nutrient Based Subsidy (NBS) rates on phosphatic and potassic fertilisers for the Rabi 2026-27 season, along with Rs 9,111 crore for two credit guarantee funds aimed at supporting micro units and beneficiaries of the Stand-Up India scheme.
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 Yuge Yugeen Bharat Museum will be developed at the North and South Block complex in New Delhi. The project is intended to showcase India's civilisational heritage and history through a national museum. The museum is being developed in the buildings that previously housed key government offices.
The Cabinet also approved the Noida-Greater Noida metro rail project, estimated to cost Rs 2,390 crore, to strengthen public transport connectivity between the two urban centres.
On the agricultural front, the Cabinet approved NBS rates for the Rabi 2026-27 season with a budgetary allocation of Rs 62,370 crore. The subsidy is aimed at ensuring the availability of phosphatic and potassic fertilisers, including DAP and NPKS grades, to farmers at affordable prices.
The Cabinet further approved Rs 5,000 crore for the Credit Guarantee Fund for Micro Units and Rs 4,111 crore for the Credit Guarantee Fund for Stand-Up India. The funds are intended to strengthen credit access for small entrepreneurs and businesses by supporting lending through credit guarantees.
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