Centre likely to grant more funds for rural schemes to ease pain
The HinduThe Central Government will likely raise its allocation to the Rural Development Ministry by 18% to ₹1.60 trillion for the current fiscal year, partly to bolster its job scheme, a top government source told Reuters. India had allocated ₹1.36 trillion for 2022/23 for various schemes in the hinterland, but the stress in rural areas has led to increased demand for the Mahatma Gandhi National Rural Employment Guarantee Scheme, or MNREGA, the country's only minimum job guarantee scheme, which pays $2 to $3 a day. Coming out of the pandemic, the Asian country's rural areas were under stress, with rising prices and limited non-farm job opportunities, forcing more people to sign up for the government's job scheme. The rural unemployment rate has remained above 7% for the majority of the months in the current fiscal year that started on April 1, according to data from Centre for Monitoring Indian Economy, a private think-tank.