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Budget expectations: Finance Minister Nirmala Sitharaman may propose increasing the amount of money transferred under the PM-Kisan scheme in Budget 2024. The agricultural sector plays a crucial role in India, with 60% of rural households relying on agriculture. The Ministry of Agriculture accounts for 2.8% of the Union Budget, and last year, Rs 1,25,036 crore was allocated to the sector. Farmers in India face challenges such as slow growth, debt, small land holdings, and a lack of capital investments. Experts suggest that the government may announce populist measures for farmers in the budget, including income support schemes and agricultural market infrastructure promotion.
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