Although MGNREGA has been looked upon with suspicion by the Government, industry as well as the landed farming class for various reasons including inefficiency, leakages, corruption, rise in rural wages, cost escalation etc., a new report reveals that the programme reduced poverty among its participants between 2004-05 and 2011-12 by providing employment. The report entitled Mahatma Gandhi National Rural Employment Guarantee Act: A Catalyst for Rural Transformation has estimated that...
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More than half of world’s poor out of safety net coverage, says World Bank -Jitendra
-Down to Earth Poverty is urbanising at a rapid pace, it says Despite the growing number of social safety net schemes to improve lives of the poor, it is still a distant dream for the almost half of the world’s poor to come under it. According to a recent World Bank report, nearly 55 per cent of the total world’s poor population is still out of its coverage. The poverty is rising...
More »Social Safety Nets require more public funding
The nation can be proud of running some of the world's largest programmes on social Safety Nets, says the latest report by World Bank. However, public spending on Safety Nets is still low in comparison to neighbouring countries Bangladesh and Pakistan. India tops the list of 136 countries for running the world's largest school feeding programme i.e. the Mid Day Meal Scheme (MDMS), and also the biggest public works programme i.e....
More »MNREGA world's largest public works programme: World Bank
-PTI WASHINGTON: India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, World Bank has said. India is among the five middle-income countries running the world's largest social safety net programmes, said a World Bank Group's report 'The State of Social Safety Nets 2015'. "The world's five largest social safety net programmes are all...
More »The inclusion project -Shamika Ravi
-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...
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