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  4. Prime Minister Garib Kalyan Rojgar Yojana: Govt to allocate Rs 10,000 crore more to boost rural employment

Prime Minister Garib Kalyan Rojgar Yojana: Govt to allocate Rs 10,000 crore more to boost rural employment

Union Finance Minister Nirmala Sitharaman on Thursday annnounced that the Centre will allocate an additional amount of Rs 10,000 crore for the Prime Minister Garib Kalyan Rojgar Yojana in a bid to boost rural employment amid the pandemic.

India TV Business Desk Edited by: India TV Business Desk New Delhi Updated on: November 12, 2020 22:49 IST
Economic stimulus, Nirmala Sitharaman, Finance Minister, Atmanirbhar Bharat
Image Source : PTI

Union Finance Minister Nirmala Sitharaman addresses a press conference, at BJP HQ in New Delhi.

Union Finance Minister Nirmala Sitharaman on Thursday announced that the Centre will allocate an additional amount of Rs 10,000 crore for the Prime Minister Garib Kalyan Rojgar Yojana in a bid to boost rural employment amid the pandemic. Sitharaman also rolled out Atmanirbhar Bharat 3.0 stimulus package to boost economy. The minister announced benefits for new employees hired in EPFO-registered establishments effective October 1, 2020, onward. 

 Govt to allocate Rs 10,000 crore more for PM Garib Kalyan Rojgar Yojana | All we know

  • The scheme, which includes various employment generating schemes including the MGNREGs, PMGSY among others, is in progress in 116 districts and Rs 37,543 crore has been spent till date as per government data.
  • The Centre had provided Rs 61,500 crore for MGNREGS in the budget for 2020-21. An amount of Rs 40,000 crore was additionally provided in 'Atmanirbhar Bharat 1.0'.
  • As on date, Rs 73,504 crore has been released under the MGNREGS and 251 crore person-days of employment have been generated as per the Finance Ministry.

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  • Announcing another major scheme for creating new employment in the formal sector, Sitharaman said the government would come up with 'Atmanirbhar Bharat Rojgar Yojana' to incentivise creation of new employment opportunities during the Covid-recovery phase.
  • The employment scheme, effective from October 1, will be applicable to eligible new employees joining the EPFO-registered establishments and for those who exited these concerns during the Covid pandemic (March 1-September 30, 2020) and were drawing monthly wages of less than Rs 15,000.

(With inputs from IANS)

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