Key Points
Interim Budget: As India braces for the 2024 interim budget, the spotlight on rural jobs and schemes becomes even more critical, given the significant population dependent on agriculture and allied activities..
In the purview of Lok Sabha elections this year, there is optimism that initiatives like Make in India, the expansion of Production-Linked Incentive (PLI) schemes, and targeted agriculture-related subsidies and incentives could feature prominently in the Budget, catering to the rural population and generating employment...
Subsidies, as a percentage of budgetary outlay, are likely to be about 7 percent during FY 2023-24, down from 8 percent in FY 2022-23..
One of the ways could be higher spending on building rural infrastructure or providing incentives that improve cash flow, Deloitte analysts said in a book on Budget expectations...
In addition to existing schemes, such as PM Matsya Sampada Yojana, the Production Linked Incentive (PLI) scheme, and Krishi UDAN 2.0, the government recently announced the development of a Digital Public infrastructure for agriculture to enable farmer-centric solutions..
