The neutral nature of the 2024 interim budget reflects a sense of electoral comfort this time around, compared with a tense 2019, when the BJP had lost three crucial state elections — Rajasthan, Madhya Pradesh and Chhattisgarh — before the Lok Sabha polls that year.
The key highlight of that interim budget was the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) initiative, with an outlay of Rs 75,000 crore. Though the scheme had been in the works, there was a sense of urgency after the state defeats in November-December 2018. PM-Kisan entails the direct transfer of Rs 6,000 to small and marginal farmers.
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