Key Points
This marks an increase from the Rs 60,000 crore budgeted for the current fiscal year, as reported by a source speaking to ET...
(Mahatma Gandhi National Rural Employment Guarantee Scheme) operates as a demand-driven program, allowing the government to allocate additional funds if the demand surpasses initial expectations...
In response to the growing needs, the government has already approved an additional Rs 14,524 crore for the current fiscal year, exceeding the initial budget of Rs 60,000 crore..
This increased funding is in response to the rise in demand for employment, attributed to an erratic monsoon disrupting migration patterns and a tentative industrial recovery, say experts pointing out that more people sought employment under the scheme till December...
Until December of the current fiscal year, the MGNREGS witnessed a notable increase in demand, with over 260 million individuals seeking work, marking a 3% rise from the previous year..
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