While the budgetary allocation for flagship welfare schemes such as National Livelihood Mission, Pradhan Mantri Gram Sadak Yojana, and Shyama Prasad Mukherji Rurban Mission (SPMRM) saw an impressive jump from last fiscal to the current financial year, funds for rural employment scheme MGNREGA and PMAY (rural housing scheme) were cut down.
The allocation for the Mahatma Gandhi National Rural Employment Guarantee Programme (MNREGA) was decreased to Rs 60,000 crore for 2019-20 fiscal, down from the 2018-19 revised estimate of Rs 61,084 crore.
The provision for Pradhan Mantri Awas Yojana (rural) for 2019-20 fiscal declined to Rs 19,000 crore from the 2018-19 revised estimate of Rs 19,900 crore.
PMAY is a flagship scheme of the Government for achieving the 'housing for all' objective by 2022. The Government aims to provide 1.95 crore more homes by the end 2021-22 financial year.
The Government has substantially raised the allocation of funds for National Livelihood Mission to Rs 9,024 crore for the current fiscal compared to revised estimate of Rs 5,783 crore for the last fiscal.
For Pradhan Mantri Gram Sadak Yojna, the allocation has been increased to Rs 19,000 crore from Rs 15,500 crore in the same period while the fund for Shyama Prasad Mukherji Rurban Mission (SPMRM) also jumped to Rs 800 crore from Rs 451 crore during the period under purview.
Special loan for women of self-help groups (SHG) under MUDRA scheme has been announced to encourage women entrepreneurship through various other such schemes such as Stand up India and the Self Help Group (SHG) movement.
Furthermore, for every verified women SHG member having a Jan Dhan Bank Account, an overdraft of Rs 5,000 shall be allowed. One woman in every SHG will also be made eligible for a loan up to 1 lakh under the MUDRA scheme.