Anticipated Highlights of India’s Interim Budget 2024: Boost for Middle Class, PM Kisan Scheme Increase by Rs 3000

As the second Modi government gears up to present the interim budget, expectations run high for key announcements benefiting various sectors. The industrial sector is optimistic, anticipating measures to enhance the investment environment and streamline the tax system. While no major overhauls are expected due to the impending general elections, there is speculation regarding targeted allocations for specific projects and sectors. Notable predictions include a substantial increase in the Prime Minister Kisan Endowment Fund from Rs. 6,000 to Rs. 9,000, providing significant relief to farmers. Additionally, the Pradhan Mantri Aavasa Yojana may see increased funding, with a potential announcement of a Rs. 1 lakh crore scheme aimed at delivering affordable housing to the homeless. The Mahatma Gandhi National Rural Employment Guarantee Scheme is also anticipated to receive a boost, aligning with the government’s focus on revitalizing the agricultural and rural sectors. Moreover, measures to support Medium Enterprises (MSMEs) and potential tax relief for the middle class are expected to be addressed in the budget.