MNREGA spending at record high, no cut in allocation: FM
February 02, 2016  13:55
image
The BJP-led government has boosted spending under the UPA's flagship rural jobs scheme MNREGA to a record high and will for the first time ever provide funds over and above the budgeted amount, Finance Minister Arun Jaitley said today.

Dispelling doubts over the fate of the scheme floated by the previous Congress-led government, he said that while in previous years there has always been lower spending as compared to the Budgeted amount, this fiscal the government has not cut Plan Expenditure as it wants to boost growth.

Addressing a MNREGA Sammelan organised to mark the completion of 10 years of the scheme, Jaitley said there were apprehensions that the NDA government would end or replace the scheme with a new programme.

"But the new government has not only taken the scheme forward, but also hiked the fund allocation under the scheme," he said. "This government has not followed the practice of just making higher provisions and later cutting it. I think this would be the first year when the Rs 34,000-35,000 crore which was allocated has not only been spent fully, but also some more resources could be given to MGNREGA".

The Finance Minister said the actual spending under the scheme in the fiscal year ending March 31 "would be highest". "This country's financial system had a practice that when a Budget is presented, people discuss how much money has been allocated. But in full year, how much money is spent and by how much the allocation is cut, that doesn't attract attention," he said.
« Back to LIVE

TOP STORIES