Cabinet clears Rs 2.79 lakh crore package: Rabi MSP hike for six crops, Rs 1.86 lakh crore for PM DHARA, Rs 1,790 crore for Delhi traffic system
Economic Times 1 hr ago·30 Sept 2026, 9:44 am
The Union Cabinet has approved a significant fiscal package, allocating Rs 2.79 lakh crore to boost agricultural income and infrastructure. A major focus is the Rabi season, with the government revising the Minimum Support Price (MSP) for six key crops, including wheat, gram, and rapeseed-mustard. This move is designed to protect farmer incomes and ensure food security. Additionally, funds have been allocated for the PM DHARA scheme and an Intelligent Traffic Management System in Delhi.
For investors, this decision signals a strong commitment to agricultural welfare and infrastructure development. The hike in MSPs for staple crops is likely to support rural demand and benefit agri-input companies. While the broad market may see a positive sentiment due to these government initiatives, investors should monitor the implementation of these policies and their impact on specific sectors.
Excerpt from Economic Times
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…Read the original at Economic Times
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