Question
Download Solution PDFWhat was the budget allocation for the Ministry of Rural Development for the fiscal year 2023-24?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is ₹1,59,964 crore.
Key Points
- The budget allocation for the Ministry of Rural Development for the fiscal year 2023-24 was ₹1,59,964 crore.
- This allocation was aimed at improving rural infrastructure, livelihood creation, and poverty alleviation in rural areas.
- Key schemes under the Ministry of Rural Development include Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), Pradhan Mantri Gram Sadak Yojana (PMGSY), and National Social Assistance Programme.
- The increased funding reflects the government's emphasis on strengthening rural development programs to ensure sustainable growth.
- It supports initiatives aimed at bridging the urban-rural divide and enhancing the quality of life in rural regions.
Additional Information
- Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
- MGNREGA is a flagship rural employment scheme that guarantees at least 100 days of wage employment in a financial year to rural households.
- It focuses on creating durable assets such as roads, water conservation structures, and irrigation facilities.
- The scheme plays a crucial role in poverty alleviation and empowering rural communities.
- Pradhan Mantri Gram Sadak Yojana (PMGSY)
- PMGSY aims to provide all-weather road connectivity to unconnected villages in India.
- The scheme is instrumental in improving access to markets, healthcare, and education in rural areas.
- It contributes significantly to rural infrastructure development and economic growth.
- National Social Assistance Programme (NSAP)
- NSAP provides financial assistance to the elderly, widows, and persons with disabilities in the form of pensions.
- The program is a part of India's social safety net for vulnerable sections of society.
- It aims to ensure minimum income support and dignity for marginalized individuals.
- Importance of Rural Development
- Rural development is crucial for reducing poverty and unemployment in rural areas.
- Investments in rural infrastructure, education, and healthcare help bridge the urban-rural divide.
- It fosters sustainable economic growth and improves the quality of life for the rural population.
Last updated on Jul 19, 2025
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