With reference to the Union Cabinet's recent approvals, consider the following statements: 1. The government approved ₹62,370 crore for fertilizer subsidies for the Rabi season. 2. A sum of ₹5,000 crore was allocated for small business credit support. 3. The allocation for the Yuge Yugeen Bharat National Museum is ₹5,000 crore. Which of the statements given above is/are correct?

Union Cabinet approves ₹62,370 crore fertilizer subsidy and ₹5,000 crore for small businesses

GS3Economy · S&T · Environment · Security· Farm subsidies & support· Prelims· 11 November 2026

Fiscal policy and agricultural subsidies: a key GS3 topic regarding government expenditure and rural economy.

Why in news

The Union Cabinet approved a ₹62,370 crore fertilizer subsidy for the Rabi season and ₹5,000 crore for small business credit support.

Background

The Union Cabinet approved ₹62,370 crore for fertilizer subsidies and ₹5,000 crore for small business credit support. Additionally, ₹3,230 crore was approved to convert the North and South Block buildings into the Yuge Yugeen Bharat National Museum.

Facts for Prelims

FactFertilizer subsidy allocation: ₹62,370 crore for the Rabi season
FactSmall business credit support: ₹5,000 crore
FactYuge Yugeen Bharat National Museum: ₹3,230 crore for conversion of North and South Block buildings

Prelims practice question

With reference to the Union Cabinet's recent approvals, consider the following statements:

The government approved ₹62,370 crore for fertilizer subsidies for the Rabi season.
A sum of ₹5,000 crore was allocated for small business credit support.
The allocation for the Yuge Yugeen Bharat National Museum is ₹5,000 crore.

Which of the statements given above is/are correct?

(a)1 only
(b)1 and 2 only
(c)2 and 3 only
(d)1, 2 and 3

Show answer

Answer: (b) 1 and 2 only — Statements 1 and 2 are correct. Statement 3 is incorrect: The note states ₹3,230 crore was approved for the museum.

For Mains

Q. Discuss the fiscal implications and socio-economic significance of providing large-scale fertilizer subsidies to the agricultural sector in India.

Dimensions to cover in your answer

Fiscal pressure: Balancing high subsidy outlays with the need for capital expenditure in infrastructure
Input cost management: Impact of subsidies on maintaining affordable farm inputs for small and marginal farmers

Keywords: fiscal policy · agricultural subsidies · credit support · MSME empowerment · cultural heritage

Read the full news →Report a mistake in this note How notes are made Source: The Hindu ↗Also: GS2 · Government policies & schemes

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