Budget 2024: Govt may go for big hike in PM-Kisan payout and a housing & jobs push
interim budget, since the exercise comes just ahead of the general elections, an ET poll showed.
The government will likely increase the amount of money transferred under its flagship direct benefit transfer scheme — Pradhan Mantri Kisan Samman Nidhi or PM-Kisan — by about 50% to ₹9,000 per year from the current ₹6,000, said some of the economists polled.
A new iteration of the housing scheme and a push for jobs is also expected in the upcoming interim budget, the ET poll of economists indicated.
Six of the 10 economists polled by ET say higher allocation for PM-Kisan is one of the three social sector interventions expected.
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Six economists also chose the housing scheme, the PM-Awas Yojana, as a likely focus area in the interim budget.
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«The government could increase the support under the (PM-Kisan) scheme anywhere between ₹8,000 and ₹10,000,» said Sakshi Gupta, principal economist at HDFC Bank.
PM-Kisan had an outlay of ₹60,000 crore in the previous budget.
QuantEco's Yuvika Singhal pegged the number at ₹9,000 a year for PM-Kisan, while noting that the rural housing scheme, PMAY-Gramin, may undergo a second iteration.
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