Cabinet decisions today 11 Nov full list: ₹12.6 lakh crore Mudra loans, ₹62,370 crore subsidy, metro boost and more
The Union Cabinet approved measures supporting small businesses, farmers, urban transport and cultural infrastructure. It extended Stand-Up India and micro-unit credit guarantee schemes through March 2031, set fertiliser subsidies for Rabi 2026-27, cleared an 8.449-km Noida Metro extension and more.
On Wednesday, November 11, Prime Minister Narendra Modi chaired the Union Cabinet as it approved a range of initiatives targeting small businesses, fertiliser subsidies, urban transit, and cultural landmarks. The pledges encompassed extending the Stand-Up India Scheme for five more years until March 31, 2031, to aid more than 2.5 lakh entrepreneurs, primarily women, SC, and ST members.
The government also affirmed the Credit Guarantee Fund for Micro Units (CGFMU) for the upcoming five years. Furthermore, the Cabinet endorsed the Nutrient Based Subsidy (NBS) rates for phosphatic and potassic fertilisers for the Rabi 2026-27 season, with the projected budget estimated at ₹62,370.02 crore, raising the allocation for the Rabi 2025-26 season by approximately ₹24,417.73 crore.
The Union Cabinet also authorised the expansion of the Noida Metro Aqua Line from Noida Sector 51 to Greater Noida Sector 4 at an estimated cost of ₹2,390 crore, comprising five elevated stations and an interchange with the Delhi Metro Blue Line. The proposed Yuge Yugeen Bharat Museum in New Delhi, dedicated to India's civilisational history and cultural heritage, will undergo a phased development process between 2026-27 and 2030-31, with the inaugural gallery scheduled to open in late 2027.
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