Union Cabinet approves five major decisions including metro and museum projects
The decisions include a Rs 3,230 crore national museum and a Rs 62,370 crore fertiliser subsidy for the 2026-27 rabi season.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved five major decisions on Wednesday, according to a Times of India report. These measures include the development of the Yuge Yugeen Bharat Museum, a Noida Metro extension, and a fertiliser subsidy for the 2026-27 rabi season.
Union Minister Ashwini Vaishnaw stated that the decisions aim to bolster infrastructure, assist farmers, and promote entrepreneurship. The Cabinet sanctioned Rs 3,230 crore for the Yuge Yugeen Bharat Museum, which will be located in the North and South Block buildings in New Delhi.
The museum is intended to be the largest in the world, covering a built-up area of approximately 1,78,509 square metres to display India's cultural heritage. Additionally, the Cabinet approved an 8.449-km extension of the Aqua Line Metro from Noida Sector 51 to Greater Noida Sector 4 at an estimated cost of Rs 2,390 crore.
The metro project will feature five elevated stations and is projected to take four years to finish. Once complete, the total active metro network in the Noida and Greater Noida region will reach 71.878 km.
For the rabi season spanning October 2026 to March 31, 2027, the government approved a Rs 62,370 crore subsidy on phosphatic and potassic fertilisers. Vaishnaw noted that the government would absorb costs to keep the retail price of a 50-kg DAP bag at Rs 1,350.
The Cabinet also extended credit guarantee schemes for entrepreneurs. This includes a Rs 5,000 crore corpus for the Pradhan Mantri Mudra Yojana (PMMY) and a Rs 4,111 crore fund under the Stand-Up India scheme to support women and Scheduled Castes and Scheduled Tribes entrepreneurs.