• UGI USER
  • Jan 24, 2024
  • 22 Likes
  • 0 Comments

GOVERNMENT’S RURAL JOB ALLOCATION

Why in the News?

  • Expected allocation of ₹88,000 crore for rural employment guarantee scheme for FY25 in the interim budget.
  • Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) remains demand-driven, allowing for additional funds if needed.
Source: Blessedimran

About MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme)

  • Enacted in 2005, Under (Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
  • Guarantees 100 days of wage employment annually
  • Aims to enhance livelihood security in rural areas.
  • Focuses on labour-intensive work like road construction, water conservation,and rural infrastructure.
  • Provides social security through employment.
About Interim Budget

·   An interim budget is a financial plan presented by a government during a transition period.

·   Typically prepared when a new government is expected, ensuring financial continuity.

When is an Interim Budget Presented?

·   During transitions between two governments or in an election year.

·   When the government dissolves, awaiting the formation of a new one.

·   When a new government needs time for a comprehensive budget.

·   To sustain essential services until a regular budget is prepared.

·   Addressing immediate needs amid significant economic or political changes.