Cabinet Approves ECLGS 5.0, Railway Projects, and Sugarcane FRP Increase

Key facts

• The Ministry of Statistics and Programme Implementation (MoSPI) issued new guidelines for states to shift the Gross State Domestic Product (GSDP) base year to 2022-23 to align with national Gross Domestic Product (GDP) revisions.
• The Union Cabinet approved the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) to provide additional credit to Micro, Small and Medium Enterprises (MSMEs) and airlines facing economic challenges.
• The government increased the Fair and Remunerative Price (FRP) of sugarcane by ₹10 to ₹365 per quintal for the 2026-27 season, a move expected to benefit one crore farmers.
• The Union Cabinet approved three new railway projects with an estimated cost of ₹23,437 crore to enhance infrastructure and connectivity across 19 districts in six states.
• The timeline for the Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) was extended with an increased financial outlay of over ₹83,000 crore to support rural road development and connectivity.