Business Other News 15 May 2018 Delayed payments und ...

Delayed payments under MNREGA decline to 6-year low

FINANCIAL CHRONICLE
Published May 15, 2018, 8:26 am IST
Updated May 15, 2018, 8:26 am IST
Delayed payments, whi¬ch were as high as Rs 2.38 lakh cr in FY16 had declined significantly to Rs 67,956 cr in FY18.
As a percentage of total payme¬nts, the share of delayed payments has decelerated continuously and sharply from 73 per cent in FY15 to 18 per cent in FY18. (Photo: PTI/Representational)
 As a percentage of total payme¬nts, the share of delayed payments has decelerated continuously and sharply from 73 per cent in FY15 to 18 per cent in FY18. (Photo: PTI/Representational)

New Delhi: Delayed payments under the guaranteed rural empl­oyment programme MNREGA fell to 6-year low of Rs 67,956 crore in financial ye­ar ended March 31, a SBI research report said on Monday.

The amount of delayed payment had touched a high of Rs 2.38 lakh crore in 2015-16. It was Rs 2.08 lakh crore in 2016-17, said the SBI Ecowrap report based on government data.

 

On the other hand total payments under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) was also at 6-year high of Rs 3.87 lakh crore.

“Delayed payments, whi­ch were as high as Rs 2.38 lakh crore in FY16 had declined significantly to Rs 67,956 crore in FY18. As a percentage of total payme­nts, the share of delayed payments has decelerated continuously and sharply from 73 per cent in FY15 to 18 per cent in FY18,” it said.

Furthermore, the share of more than 90 days in del­a­yed payment has also impr­oved materially and declined from 30 per cent in 2012-13 to 8 per cent in FY18.

 

The report pointed out although there were only 18 per cent of delayed payme­nts at all-India level, the situation of some of the states is “worrisome”.

Apart from eight north eastern states, the big states that have delayed payments more than the national average were Bihar (39 per cent payments were delayed), Uttar Prad­esh (36 per cent), Punjab (30 per cent), Maharashtra (27 per cent) and Karnataka (23 per cent).

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Location: India, Delhi, New Delhi




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