Credit Guarantee Fund extended for 5 years, Govt clears Noida Metro extension

The Union Cabinet on Wednesday approved the Nutrient Based Subsidy rates for RABI Season, 2026-27 on Phosphatic and Potassic fertilizers. The tentative budgetary requirement for Rabi 2026-27 will be approximately Rs 62,370 crore. This is approximate 24 thousand 417 crore more than the budgetary requirement for Rabi 2025-26 season. Briefing the media in New Delhi today after the Union Cabinet meeting in New Delhi, Information and Broadcasting Minister Ashwini Vaishnaw stated that the subsidy will ensure smooth availability of these fertilizers to the farmers at affordable prices. In view of the recent trends in the international prices of fertilizers and inputs like Urea, DAP, and Sulphur, the government has decided to approve the Nutrient Based Subsidy rates for Rabi 2026-27 with effect from 1st October 2026 to 31st March next year on Phosphatic and Potassic fertilizers.

#WATCH | Delhi: Union Minister Ashwini Vaishnaw says, "The next decision today concerns fertiliser subsidies. Over the last four to five years—beginning with the conflict between Russia and Ukraine, followed by the crisis in West Asia—fertiliser prices have skyrocketed globally. However, Prime Minister Narendra Modi ensured that the impact of this geopolitical turmoil never reached our farmers. The government is assuming the entire financial burden—amounting to approximately Rs 62,370 crore—for subsidies on NPK and sulphur-based nutrients. Consequently, farmers will continue to receive DAP at the existing rate of Rs 1,350 per bag... This approach will both boost domestic manufacturing and ensure that no additional financial burden is placed on our farmers... The significant turmoil and turbulence seen across the world today exist because governments in many places failed to manage this crisis—unlike the way the PM has managed it..." He further says, "Regarding our micro-units—specifically the 'Mudra' loan scheme—which enables young people to start their own ventures or embark on an entrepreneurial journey, a robust framework was established. Today, this scheme has been extended for another five years and further strengthened..."

— ANI (@ANI) November 11, 2026

The Union Cabinet approved the extension of the Credit Guarantee Fund for Micro Units (CGFMU) for five years to March 2031. As of September 2026, more than 60.36 crore loans amounting to Rs 43.34 lakh crore have been sanctioned by lending institutions since the launch of the PM Mudra Scheme. The scheme provides credit guarantee coverage to the lending institutions through National Credit Guarantee Trustee Company Limited (NCGTC) against default risk.
The Cabinet also approved the extension of the Aqua Line Metro corridor from Noida Sector 51 to Greater Noida Sector 4. The 8.449-km extension will comprise five elevated stations and form part of the Noida Metro Rail Project. Once operational, the new corridor will take the total active Metro rail network in Noida and Greater Noida to 71.878 km. The project is expected to strengthen public transport connectivity between the two cities and improve access to major residential, commercial, institutional and employment centres.The Aqua Line extension is a significant addition to the urban transport infrastructure of Noida and Greater Noida.
The Cabinet Committee on Economic Affairs has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi. The Museum is envisaged as a landmark civilizational museum showcasing the continuity, diversity and richness of Bharat’s civilizational heritage through an integrated narrative of its tangible and intangible cultural heritage.The museum will showcase India’s rich cultural heritage and its complete civilizational journey. He said, the museum will be developed at an estimated cost of three thousand 230 crore rupees.   The Museum will be developed through the adaptive reuse of the historic North and South Block Complex, preserving their architectural character and heritage significance. Mr Vaishnaw informed that Yuge Yugeen Bharat Museum is going to be the largest display area in the world.