Cabinet approves ₹2.79 lakh crore package with Rabi MSP hike, green energy push
- In Reports
- 07:05 PM, Sep 30, 2026
- Myind Staff
The Union Cabinet on Wednesday approved three major measures covering agriculture, renewable energy and urban transport, with a combined financial value of ₹2,79,157 crore. Union Minister Ashwini Vaishnaw announced the decisions after the Cabinet meeting. The package includes revised Minimum Support Prices (MSPs) for six Rabi crops, a major allocation for renewable energy and funding for an intelligent traffic management system in Delhi.
The biggest allocation of ₹1,86,405 crore has been approved for PM DHARA, or Developing Harmonised and Accelerated Renewable Energy Access. The programme aims to expand access to renewable energy and support the development of clean-energy infrastructure. The allocation forms the largest component of the three decisions cleared by the Cabinet.
The Cabinet also approved ₹1,790 crore for an Intelligent Traffic Management System (ITMS) in the National Capital Territory of Delhi. The project will use technology-based tools to monitor and manage traffic movement across the capital. The system aims to improve traffic management through greater use of technology.
Separately, the government cleared the Rabi Price Policy for the 2027-28 marketing season. The decision covers wheat, barley, gram, lentil or masoor, rapeseed-mustard and safflower. The estimated financial payout under the policy stands at ₹90,962 crore. The revised MSPs have been fixed after considering projected production costs and the margin over those costs.
MSP is the minimum price announced by the government at which eligible crops are procured under the applicable procurement mechanism. The new rates come ahead of the Rabi sowing season. For comparison, the MSPs for the 2026-27 Rabi Marketing Season were ₹2,585 per quintal for wheat, ₹2,150 for barley, ₹5,875 for gram, ₹7,000 for masoor, ₹6,200 for rapeseed-mustard and ₹6,540 for safflower.
The Cabinet presentation estimated the total payout under the Rabi Price Policy at ₹90,962 crore. The government based the revised MSPs on the estimated cost of production and the margins considered for each of the six crops.
The renewable energy allocation under PM DHARA intends to accelerate the development of clean-energy infrastructure and improve access to renewable power. The Delhi ITMS project, meanwhile, will focus on technology-led monitoring and management of traffic across the capital.

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