Union Cabinet Extends Mudra Loans and Fertiliser Subsidies
· India · LiveMint, Hindustan Times
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the continuation of the Stand-Up India Scheme and the Credit Guarantee Fund for Micro Units until March 31, 2031. The decisions cover support for small businesses, fertiliser subsidies, urban transport and cultural infrastructure across the country. The Credit Guarantee Fund for Micro Units has been extended with a corpus of ₹5,000 crore to facilitate ₹12.6 lakh crore in MUDRA loans. Additionally, the government approved Nutrient Based Subsidy rates for the Rabi 2026-27 season totalling ₹62,370 crore. The Cabinet also cleared an 8.449-kilometre Noida Metro Aqua Line extension and the development of the Yuge Yugeen Bharat Museum in New Delhi.
Why it matters
The decisions directly impact micro-entrepreneurs, women, Scheduled Caste and Scheduled Tribe beneficiaries, and farmers by securing credit access and fertiliser price stability through 2031.
Read the original report — LiveMint
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