The budget slashed funding under the flagship rural jobs scheme despite a prolonged period of declining wages which affected incomes and demand in rural India, especially for non-farm households. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which entitles every rural family to 100 days of work in a year, saw its funding slashed from ₹73,000 crore in 2022-23 (budget estimate, or BE) to ₹60,000 crore in 2023-24 (BE), a reduction of 18%.
For all the latest Business News Click Here
Denial of responsibility! FAECO is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at email@example.com The content will be deleted within 24 hours.