Key Points
New Delhi: The government has raised the daily wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) by up to 10.4% for FY24 from a year before...
The increase assumes significance, as the MGNREGS rates serve as the benchmark for rural wages and influence the rise in industrial wages as well..
The hikes are linked to the changes in the Consumer Price Index (Agriculture Labour), which captures the inflationary pressure in rural areas...
The states and Union territories where the wage rate hike for FY24 remains below 5% are Arunachal Pradesh, Assam, Goa, Karnataka, Manipur, Meghalaya, Nagaland, Tamil Nadu and Puducherry...
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Finance ministry releases Rs 10,000 crore in urgent aid for NREGS
04, Nov, 23The unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET.
Budget 2024: Rural jobs scheme may get 47% higher outlay of Rs 88,000 crore
22, Jan, 24In the upcoming interim budget for FY25, the Indian government is expected to allocate around ₹88,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), compared to the budgeted ₹60,000 crore for the current fiscal year. The allocation may increase if demand exceeds initial expectations.
Budget 2024: Rural employment guarantee scheme may get 47% boost with Rs 88,000 crore allocation
23, Jan, 24Budget News: The upcoming budget for FY2025 is expected to allocate Rs 88,000 crore for the rural employment guarantee scheme, marking a 47% boost from the current fiscal year. The government is responding to the surge in demand for employment and an increase in wage rates.
Work demand under rural jobs scheme rises in H1
06, Oct, 23About 93% of the FY24 budgetary allocation of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been released, a person familiar with the details told ET. This has prompted the rural development ministry to seek substantial supplementary demands for funds to run the scheme throughout this fiscal year, he said.