Union Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1. š®š³ This is the interim budget of Modi government. Elections will be held after that. After the elections, the coming government will present a full budget. This time the budget is on election basis.
š¾ With the government guaranteeing free food grains, the anxiety has now subsided. It is expected that the government will give any new assurances to the farmers in this budget. š This time the budget is coming before the elections. After the elections, the new government will present the full year budget in July.
š¾ However, the farmers are reminding the previous budget that in 2019 too, the budget came before the elections, and at that time the government announced a direct aid of Rs.6 thousand to the farmers. š¾ For the first time, the government has implemented a scheme to put money directly into farmers' pockets. Otherwise no one knows who has benefited and how much from the fertilizer, insurance and loan waiver scheme. But the real guarantee of happiness is the assistance that goes directly into the farmers' accounts.
šØāš¾ Farmers are expecting two guarantees in this budget as well. The first assurance is that the government will increase direct assistance under the Kisan Samman Nidhi Yojana. š©āš¾ It seems that the government can provide direct assistance to women farmers. Another hope is to increase the allocation under MNREGA so that family members get enough work, which is expected to add to the regular income.
š± This time too the government will have to allocate more budget than expected for the MNREGA scheme. Now, like everyone else, small farmers are waiting for the budget. š¾ Big farmers are worried about taxation on agricultural income. As a result, small and big farmers are eagerly waiting for the budget. šāØ
