Villages will get a big gift in the general budget! Special attention will have to be paid to increasing income – News India Live

There may be more focus on rural areas in the general budget for the financial year 2024-25. In view of the setback received in rural areas in the Lok Sabha elections and the assembly elections of Haryana, Maharashtra and Jharkhand this year, the Modi government may announce some new schemes besides increasing the allocation for already running schemes. More money can be given for PM Kisan Samman Nidhi Yojana, MNREGA, Road Construction Scheme and PM Awas Yojana. GDP growth was 8.2% in FY24 but agricultural growth slowed to 1.4% and private final consumption expenditure was only 4%. Consumption rate is also low in rural areas.

Sources say that in view of this, Finance Minister Nirmala Sitharaman may pay special attention to rural areas in the next budget. Cariz Chief Economist Rajni Sinha said, 'Emphasis will be laid on welfare schemes to increase consumption in rural areas. More allocation can be made for PM Awas Yojana Gramin, PM Gram Sadak Yojana, PM Kisan Samman Nidhi and agriculture to increase employment opportunities.

Need to strengthen rural demand: Expert

Bank of Baroda economist Sonal Badhan said, 'No new measures have been announced in the interim budget, but there may be some announcements this time. Government allocation for PM Housing Scheme for both urban and rural including PM Kisan Samman Nidhi may exceed Rs lakh crore. Allocation for PM Agricultural Irrigation Scheme may increase Crisil Chief Economist Deep Deshpande said, 'Rural income and demand have declined in FY 2024. To increase this, allocation in the budget for asset creation and employment generation schemes can be increased.