Cabinet Decision Today 11 Nov Full List: ₹12.6 crore Mudra Loans, ₹62,370 crore Subsidy, Metro Support & More | Today’s news

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, November 11, approved a series of decisions related to support for small businesses, fertilizer subsidies, urban transport and cultural infrastructure.

Key announcements include continuation of Stand-Up India Scheme and Credit Guarantee Fund for Micro Units, approval of Nutrient Based Subsidy (NBS) rates for Rabi season 2026-27 and extension of Noida Metro Aqua Line.

The Cabinet Committee on Economic Affairs (CCEA) also approved the construction of the Yuge Yugeen Bharat Museum in New Delhi at an estimated cost of ₹3,230 crore, according to the Press Information Bureau (PIB).

Full list of government decisions from November 11:

1. Stand-Up India Scheme extended for five years

The Union Cabinet has approved the continuation of the Stand-Up India Scheme for another five years, till March 31, 2031. According to the PIB, the scheme aims to provide financial assistance to an additional 2.5 lakh entrepreneurs during this period, focusing on women and entrepreneurs belonging to Scheduled Castes (SC) and Scheduled Tribes (STs).

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Launched in April 2016, this scheme has so far facilitated loans to more than 2.75 lakh women, SC and ST entrepreneurs. Eligible beneficiaries can access loans to the extent above ₹10 million up to ₹1 million to set up green field businesses in manufacturing, services, trade and related agricultural activities. The government also approved a corpus of credit guarantees ₹4,111 crore, backed by a guarantee of 85% of the loan amount, PIB said.

2. Credit guarantee fund for micro-units extended until 2031

The Cabinet has approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years till 31 March 2031. The scheme provides credit guarantee cover to credit institutions against default risks of loans extended under the Pradhan Mantri MUDRA Yojana (PMMY).

According to the PIB, the government has approved the corpus ₹5,000 crore which should facilitate PMMY loans of Rs ₹12.6 lakh crore in the next five years. The fund provides guarantee coverage of eligible loans for micro-enterprises up to ₹20 thousand, overdraft up to ₹10,000 under Pradhan Mantri Jan Dhan Yojana accounts and certain loans to self-help groups.

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The government has also reduced the annual guarantee fee from 1% to 0.75% for relevant loan categories, while the existing fee structure for SHGs will continue. As of September 2026, more than 60.36 million loans worth ₹PIB said Rs 43.34 lakh crore has been sanctioned under PMMY since its launch.

3. ₹62,370 crore fertilizer subsidy approved for Rabi 2026-27

The Union Cabinet has approved the Nutrient Based Subsidy (NBS) rates for Phosphorous and Potassium (P&K) fertilizers for the Rabi season 2026-27, covering the period from October 1, 2026 to March 31, 2027.

According to the Ministry of Chemicals and Fertilizers, the preliminary budget requirement for the subsidy was estimated at Rs ₹62,370.02 million crowns. This is around ₹24,417.73 crore higher than ₹37,952.29 crore has been allocated for Rabi season 2025-26.

The subsidy will cover P&K fertilizers including Ammonium Phosphate (DAP) and NPKS grade to ensure their availability to farmers at affordable prices. The government said the approved rates take into account recent international trends in the prices of fertilizers and inputs such as urea, DAP, muriate of potash (MOP) and sulphur.

The government currently makes 28 types of P&K fertilizers available to farmers at subsidized prices through fertilizer manufacturers and importers, PIB said.

4. Noida Metro Aqua Line extension approved on ₹2,390 million crowns

The Union Cabinet, chaired by Prime Minister Modi, on Wednesday approved the extension of the Aqua Line metro rail corridor from Noida Sector 51 to Greater Noida Sector 4 at an estimated cost ₹2,390 million crowns. The 8.449 km long corridor will include five overhead stations, according to an official statement.

The project is expected to significantly improve public transport connectivity between Noida and Greater Noida. Once operational, the extension will expand the combined active metro rail network in both cities to 71.878 km.

The new corridor will also provide connectivity to high-demand routes, including an interchange with the Blue Line of the Delhi Metro in Noida Sector 61, the statement said.

The extension will connect several commercial and residential malls including Gaur City Mall, H&S Mall, Blue Sapphire Mall and commercial spaces in Greater Noida Sector 4. It will also improve access to IKEA in Noida Sector 51 and Anthurium Mall in Noida Sector 73.

Additionally, the corridor will connect large multinational companies (MNCs) and IT hubs including Tech Mahindra office and TCL Tech office in Noida Sector 60, Petroleum Industry Development Board in Noida Sector 73 and Golden I office and commercial space in Greater Noida Sector 4.

The government said the project will enhance urban mobility by connecting important commercial, institutional and employment centers across Noida and Greater Noida while providing commuters with an additional public transport option.

5. Yuge Yugeen Bharat Museum approved in ₹3,230 million

The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of the Yuge Yugeen Bharat Museum at the historic North and South Block complex in New Delhi at an estimated cost of ₹3,230 million.

According to the Ministry of Culture, the proposed museum will showcase India’s civilizational history, diversity and cultural heritage through galleries covering both tangible and intangible heritage. Spread over a proposed built-up area of ​​approximately 1,78,509 square meters, it will be created through the adaptive reuse of historic government buildings while preserving their architectural character.

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The project will be implemented in phases between the financial years 2026-27 and 2030-31. The first gallery on ‘Ornament’ is expected to open to the public in the North Block in the second half of 2027. Around 1.8 million objects from the National Museum, other museums of the Ministry of Culture, Archaeological Survey of India museums, state museums and private collections have been identified for potential display.

Other proposed galleries will cover topics such as architecture and cityscapes, mathematics and astronomy, languages ​​and scripts, faith and spirituality, and India’s historical trade and intellectual connections.

The museum is designed to accommodate up to one million visitors per year. The government expects it to become a major cultural and tourist destination, while providing opportunities for education, research, heritage conservation and employment.