Nirmala Sitharaman: Centre allocates Rs 40,000 Crore for MGNREGA to boost employment

ST Staff
Sunday, 17 May 2020

Rs 61,000 crore was the existing budget estimate for the Mahatma Gandhi National Rural Job Guarantee Act (MGNREGA) taking the total to Rs 101,000 crore.

Union finance minister Nirmala Sitharaman on Sunday announced in her fifth and the last tranche of the coronavirus economic package an additional Rs 40,000 crore to MGNREGA to provide employment boost. 

Rs 61,000 crore was the existing budget estimate for the Mahatma Gandhi National Rural Job Guarantee Act (MGNREGA).

In the wake of COVID-19 pandemic, this scheme is vital to job development which left a significant portion of the population unable to make a living.

The new announcement by the government will help generate overall nearly 300 crore person-days, the finance minister said. She also adds that the Center is committed to creating more employment opportunities for returning migrant workers to Monsoon. 

A larger number of sustainable and livelihood assets, including water conservation assets, will be created. It will also boost the rural economy by increasing production. 

The final tranche of measures announced by the Minister of Finance comprises seven measures, which also concentrate on technology-driven education, health reforms and initiatives, insolvency and bankruptcy proceedings and others. 

Finance Minister also highlighted the steps taken by the Center in the health sector in the last two months since the outbreak of the COVID-19 coronavirus pandemic, adding that Rs 15,000 crore has been allocated by the government for health-related initiatives to contain COVID19, which includes Rs 50 lakh insurance per person for health professionals under #PMGKY.

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