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Panchayats to get Rs. 10 lakh crores till 2026

  • IASbaba
  • June 26, 2020
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Panchayats to get Rs. 10 lakh crores till 2026

Part of: GS Prelims and Mains II and III – Polity – Local Self Govt; Financial Decentralisation; Economy and Development 

In news:

  • Panchayati Raj Ministry has pitched for a fivefold increase in Finance Commission funding for rural local bodies.
  • In a meeting with the 15th Finance Commission, the Ministry asked for Rs. 10 lakh crores to be allocated for the 2020-21 to 2025-26 period.

Do you know?

  • Rs. 2 lakh crore was allocated under the 14th Finance Commission. 
  • Allocations had tripled between the 13th and 14th Commissions as well.
  • Road construction and maintenance, as well as drinking water supply have been the major projects carried out by panchayats using FC grants.
  • According to the 11th schedule of the Constitution, 2.63 lakh panchayats across the country have 29 functions under their ambit.
  • The new Garib Kalyan Rozgar Abhiyan will depend on panchayats to generate employment for newly returned migrant workers.

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