New Rural Employment Scheme VB-G RAM G Could Benefit States by ₹17,000 Crore Annually: SBI Research
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New Rural Employment Scheme VB-G RAM G Could Benefit States by ₹17,000 Crore Annually: SBI Research

A paper by SBI Research suggests states could gain approximately ₹17,000 crore annually under the new Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) - VB-G RAM G, which replaces MGNREGA. The new fund-sharing formula aims to balance equity, supporting states with higher needs, and efficiency, incentivizing effective employment and asset creation. This hypothetical scenario compares normative assessments under the new scheme against average MGNREGA allocations from FY19-25, excluding 2020-21.

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