Cabinet clears Rs 2.79 lakh crore package: Rabi MSP hike for six crops, Rs 1.86 lakh crore for PM DHARA, R

Posted on September 30, 2026
By Business News Today
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In brief

India's Union Cabinet unveiled a comprehensive economic stimulus package worth Rs 2.79 lakh crore aimed at strengthening agricultural support and urban infrastructure. The initiative introduces enhanced Minimum Support Prices for six essential Rabi crops—wheat, barley, gram, lentil, rapeseed-mustard, and safflower—with a dedicated allocation of Rs 90,962 crore for farmer payments. Additionally, significant investments of Rs 1,86,405 crore for PM DHARA scheme and Rs 1,790 crore for Delhi's Intelligent Traffic Management System demonstrate the government's dual focus on rural prosperity and metropolitan development.

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Cabinet clears Rs 2.79 lakh crore package: Rabi MSP hike for six crops, Rs 1.86 lakh crore for PM DHARA, R

Union Cabinet on Wednesday approved a series of key decisions, including the Rabi Price Policy for the 2027-28 marketing season, with an estimated payout of Rs 90,962 crore to farmers. MSPs for six Rabi crops, including wheat, barley, gram, lentil, rapeseed-mustard and safflower, were revised. The Cabinet also approved Rs 1,86,405 crore for PM DHARA and Rs 1,790 crore for an Intelligent Traffic Management System in Delhi.