New Delhi: The Union Budget session is set to start on January 31 and continue till February 9, according to media reports. The Interim Budget for the financial year 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1.
While no major legislative overhaul is anticipated, reportedly one potential game-changer could be a doubling of the PM Kisan Samman Nidhi scheme for women farmers.
News agency Reuters reported that the government is considering doubling annual payout to landowning female farmers to Rs 12,000. The plan is likely to be announced in the budget on February 1 and could cost the government an additional Rs 12,000 crore, according to sources quoted in the news agencys report.
The ambitious production-linked incentive (PLI) scheme is also expected to get a boost, in line with the government's effort to turn India into a manufacturing hub of the world.
This year, instead of a lengthy Economic Survey like previous years, a brief report on the status of India's economy is anticipated to be presented for 202425 before the budget on February 1.
Notably, the upcoming budget will be an Interim Budget rather than a full one since Lok Sabha elections are due in two-three months.
