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The Union Cabinet has approved the Yuge Yugeen Bharat Museum in New Delhi's North and South Block complex, along with key decisions on fertiliser subsidies, Mudra, Stand-Up India and Noida Metro expansion.
Updated: 12 Nov 2026
4 Min Read

Union Cabinet has formally approved the development of the Yuge Yugeen Bharat Museum in New Delhi. This flagship cultural project will occupy the historic North and South Block complex. The museum will showcase India’s millennia-old civilizational journey through world-class galleries, immersive technologies, and interactive displays.
Prime Minister Narendra Modi stated that the museum will transform New Delhi into a premier global center for cultural heritage. He emphasized that repurposing the iconic North and South Block buildings marks a historic shift. Structures that long served as India’s administrative seat of governance will now welcome millions of citizens and international visitors to celebrate Indian heritage.
Information and Broadcasting Minister Ashwini Vaishnaw announced the Cabinet’s decisions during a post-meeting media briefing. Alongside the museum project, the Cabinet cleared major policy initiatives spanning agriculture, micro-enterprise financing, inclusive entrepreneurship, and urban metro connectivity.
The Yuge Yugeen Bharat Museum will blend contemporary museology with cutting-edge digital tools to make Indian history accessible to all visitors. The curated galleries will highlight thousands of years of intellectual and cultural achievements across seven core domains:
Located at the heart of the national capital, the North and South Block buildings have anchored Indian administration for decades. Converting this historic complex into the Yuge Yugeen Bharat Museum gives these architectural landmarks a dynamic public purpose.
By combining vast exhibition spaces with visitor-centric storytelling, the project positions New Delhi as an international cultural destination. Domestic students, researchers, and foreign tourists will experience an uninterrupted timeline of Indian civilization under one roof.
In the same session, the Union Cabinet approved four additional initiatives to drive agricultural stability, small business growth, and urban transit:
1. Nutrient-Based Subsidy for Rabi 2026–27
The Cabinet cleared Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilizers for the Rabi 2026–27 season. The government allocated an estimated budget of ₹62,370 crore—an increase of nearly ₹24,417 crore over the Rabi 2025–26 outlay. This funding guarantees timely fertilizer availability at affordable prices for farmers ahead of winter sowing.
2. Mudra Credit Guarantee Fund Extended Until 2031
The Cabinet extended the Credit Guarantee Fund for Micro Units under the Pradhan Mantri Mudra Yojana for five more years, running until March 31, 2031. Backed by a dedicated government outlay of ₹5,000 crore, the fund will facilitate collateral-free Mudra loans worth ₹12.60 lakh crore for small businesses and micro-entrepreneurs.
3. Stand-Up India Scheme Extended for Five Years
The Cabinet approved the continuation of the Stand-Up India Scheme until March 31, 2031. Designed to foster grassroots entrepreneurship among women, Scheduled Castes (SCs), and Scheduled Tribes (STs), the extended program targets financial assistance for 2.5 lakh new entrepreneurs over the next five years.
4. Noida Metro Aqua Line Expansion
The Cabinet sanctioned the extension of the Noida Metro Rail Project's Aqua Line. The new 8.5-kilometer elevated corridor will link Noida Sector-51 to Greater Noida Sector-04, adding five new stations to ease daily commuting across the National Capital Region.
|
Policy Initiative |
Key Approved Details |
Target Impact / Outlay |
|
Yuge Yugeen Bharat Museum |
Located in North & South Block, New Delhi |
Global hub showcasing Indian civilization |
|
Rabi 2026–27 Fertilizer Subsidy |
NBS rates for P&K fertilizers |
₹62,370 crore estimated budget |
|
Mudra Credit Guarantee Fund |
Extended until March 31, 2031 |
₹5,000 crore outlay; backs ₹12.60 lakh crore in loans |
|
Stand-Up India Scheme |
Extended until March 31, 2031 |
Supports 2.5 lakh women, SC, and ST entrepreneurs |
|
Noida Metro Aqua Line |
Noida Sector-51 to Greater Noida Sector-04 |
8.5 km corridor with 5 elevated stations |
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