Highest ever budget for MGNREGS, Centre allocates 48,000 crore rupees in FY17

NewsBharati    28-Oct-2017
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New Delhi, October 28: The government is making all efforts to ensure adequate fund flow to the States and Union Territories under the Mahatma Gandhi National Rural Employment Gurantee Scheme (MGNREGS). Current Financial Year is marked by the highest ever budget allocation of 48,000 crore rupees.

According to Ministry of Rural Development, it has released 40,480 crore rupees so far in this Financial Year which is around 4,500 crore rupees more than the release during the corresponding period of the last financial year.

As per the financial norms, after 30th September of every year, the States/UTs are required to submit Audited Reports and Utilization Certificates of previous financial year along with other requisite information for release of second tranche of funds.

In a Press Release, the Ministry said it has been scrutinizing the complete proposals with promptness and has been releasing funds. Immediate action has been taken on proposals submitted so far by Madhya Pradesh, Uttar Pradesh, Tamil Nadu, Rajasthan, Chhattisgarh and Jammu and Kashmir and proposals have been processed.

The Ministry has been constantly engaging with the rest of the States / UTs for submission of proposals without delay. The current Financial Year is marked by the highest ever budget allocation of 48,000 crore rupees.

The Government has provided much higher allocations to the Ministry of Rural Development in the last three years. As is evident from the table below, the allocation to Rural Development programmes for creation of infrastructure, rural housing and employment has gone up from 0.50% of the GDP in 2012-13 to 0.63% of the GDP in 2016-17.