MGNREGA work days increased to 150 days

Govt. today increased the number of guaranteed work days under MGNREGA to 150 days and cut interest rates on rescheduled crop loans to 7 per cent for one year. These decisions were approved by the EGoM on drought headed by Agriculture Minister Sharad Pawar, they said. "In the meeting, various proposals were discussed. It approved slashing of interest rate on rescheduled crop loans of drought-hit farmers to 7 per cent from 12 per cent," a source privy to the development said. The Agriculture Ministry had proposed interest subvention on such crop loans for at least five years, but the EGoM approved it for one year. The ministerial panel suggested that the ministry take the proposal to the Cabinet Committee on Economic Affairs for approval, the sources said.
Another proposal on raising number of work days under the Mahatama Gandhi National Rural Employment Guarantee (MNREGA) was also approved for implementation in drought-affected states for one year. "The number of guaranteed work under the MGNREGA has been increased to 150 days from 100 days," the source said. Under MGNREGA scheme, the government assures 100 days of work every year to each household in rural areas. The government has provided Rs 33,000 crore to implement the scheme this fiscal, as against Rs 31,000 crore in 2011-12.