India Approves Rs 77,101 Crore Package for Agriculture and Infrastructure

The Union Cabinet of India approved a comprehensive spending package totaling Rs 77,101 crore on November 11, 2026, targeting agriculture, infrastructure, and entrepreneurship. The largest allocation is a Rs 62,370 crore subsidy for phosphatic and potassic fertilisers for the Rabi 2026-27 season. This represents a 64.3% increase over the previous year, a move driven by global price volatility and shipping disruptions in the Strait of Hormuz. The subsidy ensures that Di-ammonium Phosphate remains at a fixed price of Rs 1,350 per bag.

To support micro-entrepreneurship, the government extended the Pradhan Mantri Mudra Yojana and the Stand-Up India schemes through March 31, 2031. The Cabinet allocated a Rs 5,000 crore corpus to the Credit Guarantee Fund for Micro Units to back up to Rs 12.6 lakh crore in Mudra loans. Additionally, a Rs 4,111 crore guarantee corpus was approved for Stand-Up India to assist 2.5 lakh additional entrepreneurs from underserved communities, including women and Scheduled Castes and Scheduled Tribes.

Infrastructure and cultural projects also received funding, including Rs 2,390 crore to extend the Noida Metro Aqua Line by 8.449 km and Rs 3,230 crore to convert New Delhi's North and South Blocks into the Yuge Yugeen Bharat Museum. Union Minister Ashwini Vaishnaw stated that these measures aim to increase domestic manufacturing and ensure affordable agricultural inputs without adding burdens to farmers.