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| MGNREGS proves biggest job provider scheme during pandemic: TMF | | | 
Early Times Report
Jammu, Oct 26: During pandemic crisis resulting into massive unemployment crack down in the country MGNERGS has been proving to be biggest relief to job seekers particularly in rural folk in villages said Vijay Sharma Chairman TMF in a press Release here this afternoon. Official said that they aim to provide 320 crore man days of work--About 40 crore man days higher than the first estimate after the world's largest job scheme saw an unprecedented demand -because of the covid-19 pandemic. Eight big states, including the most populous Uttar Pradesh(UP), have requested for more work allocation from the centre under the MGNREGA,2005.The demand coincides with the economy's sharp contraction by 23.9%in the first quarter of this financial year. Many Economists have argued that the country may see a demand shock in the coming Months due to increased unemployment and wage cuts. The Reserve Bank of India's Monetary Policy Committee (MPC) had predicted that the country could see it's worst ever recession this financial year, as the economy is tipped to contract by 9.5%.The central Govt. pumped in an additional 40000 cr. in may this year to beef up the MGNREGS Funds to One lakh crore, as a part of stimulus package added Sharma citing Media reports. He appealed to concerned Agencies to monitor strictly the process to save the Govt. to face the biggest challenge of unemployment due to Pandemic. |
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