Team Blitz India
NEW DELHI: The Interim Budget promises to build 20 million houses in rural areas over the next five years.
This reinforces the current dispensation’s commitment to building tangible assets in the rural economy.
So far, almost 30 million rural houses have been constructed in the last 10 years of the Narendra Modi Government.
The Pradhan Mantri Awas Yojana – Grameen got a budgetary allocation of Rs 80,671 crore, which was a whopping 49 per cent more than the Revised Estimate (RE) of FY24 but same as the Budget Estimates (BE) of FY24.
Not only did the MGNREGS scheme get a Budgetary allocation of Rs 86,000 crore, which was same as the RE of FY24, but it was significantly higher than the BE of FY24.
Being a demand-driven scheme, the higher BE for FY25, that too when a new full Budget is expected to be presented in June after the general elections, reflects the continued weakness in the rural job market.