₹95,962 crore set aside for VB-GRAM G, aiming for seamless transition in rural employment
Union Rural Development Minister Shivraj Singh Chouhan announced an interim allocation of ₹95,962 crore for the new rural employment scheme, Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Gramin (VB-GRAM G). This allocation aims for a "seamless transition" from MGNREGS and ensures no State faces fund reduction. The combined outlay for the scheme will be ₹1.25 lakh crore, with States contributing an additional 40%. The new program emphasizes wider presence in economically weaker States, proposing the use of the 16th Finance Commission's horizontal devolution formula for Central allocations. 26 States have completed procedural requirements, while four are still pending.
Key Points
- An interim allocation of ₹95,962 crore has been announced for the new rural employment scheme, VB-GRAM G.
- The scheme aims to ensure a seamless transition from MGNREGS without reducing funds for any State.
- States are expected to contribute an additional 40% of the allocated sum, bringing the combined outlay to ₹1.25 lakh crore.
- The program intends to have a wider presence in economically weaker States, potentially using the 16th Finance Commission's devolution formula for allocations.
- 26 States have completed procedural requirements, while four are still pending for implementation.
Exam Facts
- Scheme Name: Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Gramin (VB-GRAM G).
- Interim allocation: ₹95,962 crore.
- Combined outlay: ₹1.25 lakh crore.
- States' contribution: Additional 40%.
- Formula for Central allocations: 16th Finance Commission's horizontal devolution formula.
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