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India's Cabinet approves Rs 62,370 crore fertiliser subsidy and five-year credit scheme extensions

The package of decisions sets fertiliser support for the Rabi season and extends credit guarantees for micro and women and SC/ST entrepreneurs, affecting farm input costs and small business lending.

Photo: ET Now

What happened

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a Rs 62,370 crore subsidy for phosphatic and potassic fertilisers for the 2026-27 Rabi season. ABP Live English+3 The subsidy marks an increase of 64.3% over the Rs 37,952 crore allocated for the previous season. Hindustan Times The Cabinet kept the price of Di-Ammonium Phosphate unchanged at Rs 1,350 per 50-kg bag. ET Now The Cabinet cleared a Rs 4,111 crore allocation for a scheme encouraging entrepreneurship among women from Scheduled Caste and Scheduled Tribe communities. ET Now The Cabinet also approved five-year extensions of credit guarantee support under the MUDRA and Stand-Up India schemes, with a Rs 5,000 crore fresh corpus for the MUDRA credit guarantee fund. The Economic Times+2

Around it

The Cabinet also cleared Rs 3,230 crore to transform Delhi's North and South Blocks into the Yuge Yugeen Bharat National Museum. ABP Live English+2 The approvals include an 8.5-km Noida-Greater Noida Metro extension, which the sources describe as part of the same set of Cabinet decisions. Hindustan Times+1 Uttarakhand Chief Minister Pushkar Singh Dhami publicly welcomed all four decisions reported in the briefing. Nation Press

Sources

  1. ABP Live EnglishPM Modi Cabinet's 5 Big Decisions: Noida Metro Expansion, Rs 62,370 Crore Fertiliser Subsidy
  2. ET NowCabinet clears Rs 4,111 crore scheme for SC/ST women entrepreneurs; DAP price stays at Rs 1,350 per bag
  3. Hindustan TimesNoida Metro extension to landmark museum project and more: A look at key cabinet decisions
  4. The Economic TimesCabinet approves Yuge Yugeen Museum, Noida Metro expansion, ₹62k cr Fertiliser subsidy
  5. MoneycontrolCabinet approves Rs 62,370 crore rabi fertiliser subsidy, Rs 5,000 crore MUDRA guarantee fund- Moneycontrol.com
  6. Nation PressCM Dhami Hails Cabinet Decisions on Farmers, MSMEs and Heritage

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