Worldview Advisory
India

Cabinet approves Rs 62,370 crore rabi fertiliser subsidy and Rs 77,101 crore package

The package raises fertiliser subsidy spending about 64 per cent for the rabi season and extends credit guarantee schemes, signalling fiscal commitments to farmers and small businesses.

Photo: The Tribune

What happened

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved on Wednesday, November 11, a tentative Rs 62,370.02 crore subsidy for Phosphatic and Potassic fertilisers for the Rabi 2026-27 season. The Tribune The subsidy requirement is about Rs 24,417.73 crore higher than the Rs 37,952.29 crore allocated for the corresponding season in 2025-26, an increase of around 64 per cent. The Tribune The Cabinet also approved a Rs 5,000 crore credit guarantee fund under the MUDRA Yojana. Moneycontrol+1 The approvals total an estimated Rs 77,101 crore and include an 8.45-km extension of the Noida-Greater Noida Metro Aqua Line costing Rs 2,390 crore. The Economic Times+1 The Cabinet cleared Rs 3,230 crore for the Yuge Yugeen Bharat Museum at the North and South Block complex in New Delhi. Moneycontrol+2

Around it

The approved subsidy rates apply from October 1, 2026, to March 31, 2027, covering the Rabi cropping season. The Tribune The package also continues two credit guarantee schemes for another five years and extends the Stand-Up India scheme until March 31, 2031. The Economic Times

What comes next

The Aqua Line extension will connect Noida Sector 51 with Greater Noida Sector 4 through five new stations. The Economic Times

Sources

  1. MoneycontrolCabinet approves Rs 62,370 crore rabi fertiliser subsidy, Rs 5,000 crore MUDRA guarantee fund- Moneycontrol.com
  2. The TribuneCabinet approves Rs 62,370 crore P&K fertiliser subsidy for Rabi 2026-27, up 64% from last year
  3. The Economic TimesThe much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
  4. The Economic TimesThe much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
  5. Zee BusinessWorld's largest museum to Noida metro expansion: 5 Cabinet announcements worth Rs 77,101 crore

More from India

Worldview Advisory

Welcome to Worldview Advisory. We're a public affairs and capital markets advisory firm, focused on political risk for asset owners, investors, boards and executives. How can we help?