Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision of MGNREGA wages.
· More than two-thirds of the country resides in 6 lakh villages. The 73rd and 74th amendment to the constitution and the finance commission directly providing funds to the local self bodies have transformed rural infrastructure.
Creation of infrastructure
· The first requirement will be to ensure the development of non-negotiable structures like development of drainage following systematic planning of topography, cement concrete lanes for every habitat in village, source for drinking water, piped drinking water, pucca housing.
· Panchayat bhavan with computer and internet connectivity, appropriate school buildings, play grounds etc. This will require drawing from pool of funds from ministry of rural development, Panchayat, drinking water and sanitation. Funds from human resource department, women and child welfare for anganwadi buildings can also be used.
· Thus, the government will create smart villages and smart panchayats without generating a demand for additional funds. This would also contribute to better health outcomes.
· MGNREGA wage revision, which sets the trend of minimum wages in rural India, is long overdue. If wages are revised during kharif pre-harvest, they can increase incomes and thereby spending.
· Financial inclusion—having an account in 5km radius and ensuring social protection debit—can also trigger the economy.
· Social protection can be ensured if the government provides death and accident insurance for everyone, ensures accuracy of BPL data and easy access to financial institutions.
· Livelihood opportunities in the vicinity can be created by encouraging value addition to agriculture produce. For instance, vegetable mint be made into menthol. Such solutions will add to the income of households.
· This will trigger a consumption economy. The road, internet and financial access itself is good stimulant.
hema 5 years
Kindly review thank you
IAS Parliament 5 years
Good attempt. Keep Writing.
aditya 5 years
please review
IAS Parliament 5 years
Need better understanding. Try to explain how the integration results in better outcomes and under line the key points. Keep Writing.
Tapasvi 5 years
Kindly review
IAS Parliament 5 years
Try to explain about social protection and financial inclusion. Keep Writing.
PB 5 years
Kindly review :)
IAS Parliament 5 years
Details about MGNREGA is not needed. Try to explain how the integration results in better outcomes. Keep Writing.
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