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Sunday, December 22, 2024 | 08:42 AM ISTEN Hindi

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Here's how the interim Budget impacts the farm and social sectors

The boost for the farm and the social sectors in interim Budget comes with certain riders. Experts at PwC India decode the impact of the measures proposed for these sectors

agriculture
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Karnataka is a special case since it has fully completed its first tranche of Rs 82 billion

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Farm sector


Measures: 

Inclusion of animal husbandry and fisheries in Kisan Credit Card (KCC) scheme and availing of interest subvention 

Impact: 

Inclusion of allied sector farmers

Concerns: 

Land remains collateral

Hypothecating livestock and fisheries will have issues for asset identification, tagging and recovery

Measures: 

Pradhan Mantri Kisan Samman Nidhi (PMKSN) Scheme

Impact: Direct benefit transfer to small and marginal farmers

Concerns: 
 
Landless labour left out

Land record reconciliation

Land record not fully digitised

Increasing fragmentation of land


 

Social sector


Measures: 

Stagnant allocation of Rs 60,000 crore for MGNREGA 

Impact: Lower achievement of targeted person-days 

Concerns: The outlay has to be hiked

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