NREGA and MGNREGA are two acronyms that are often used interchangeably to refer to the same scheme, but they are not exactly the same. NREGA stands for National Rural Employment Guarantee Act, while MGNREGA stands for Mahatma Gandhi National Rural Employment Guarantee Act. Both are government schemes that aim to provide guaranteed employment and livelihood security to the rural poor in India.
NREGA was enacted in 2005 as a landmark legislation that promised to provide 100 days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. The scheme was initially implemented in 200 districts in 2006, and was later extended to all the districts of the country in 2008.
On 2nd October 2009, the birth anniversary of Mahatma Gandhi, an amendment was made in the NREGA to change its name to MGNREGA. The amendment was made to honour the contribution of Mahatma Gandhi to the cause of rural development and empowerment. The amendment also added some new provisions to the scheme, such as social audit, grievance redressal mechanism, and convergence with other schemes.
The main objectives of both NREGA & MGNREGA are:
The main benefits of both NREGA and MGNREGA are:
The main difference between NREGA & MGNREGA is that:
Also Read: EPFO
The difference between NREGA and MGNREGA is mainly in the nomenclature and some additional features that were added in 2009. For more insights on such schemes and their impact, download Bajaj Broking.
Share this article:
Share Market Today | Gifty Nifty Positive, Asian Markets Rebound
26 Jul, 2024 | 5 Min. read
Upcoming Q1 Results Today | Cipla, Power Grid, Indigo, IndusInd Bank
26 Jul, 2024 | 2 Min. read
Commodities Market Today | Crude Rises on Eased Inflation Pressures
26 Jul, 2024 | 1 Min. read
Gold Rate Today | Gold Plummets 2.3%, Silver Down 4.7%
26 Jul, 2024 | 2 Min. read
S&P Upgrades Vedanta Resources from 'CCC+' to 'B' on Improved Liquidity
26 Jul, 2024 | 2 Min. read
Mankind Pharma Acquires Bharat Serums and Vaccines for ₹13,630 Crore
26 Jul, 2024 | 2 Min. read
Indus Towers to Consider Share Buyback Proposal on July 30, 2024
26 Jul, 2024 | 2 Min. read
RVNL Secures ₹191.53 Crore Contract for South Eastern Railway Project
25 Jul, 2024 | 2 Min. read
Commodities Market Today | Oil Eases on Prospects of Middle East Ceasefire
25 Jul, 2024 | 1 Min. read
Share Market Today | Gift Nifty Declines on Negative Global Cues
25 Jul, 2024 | 4 Min. read
Gold Rate Today | Gold Drops 0.4%, Silver Declines 0.8%
25 Jul, 2024 | 2 Min. read
Upcoming Q1 Results Today | Adani Green, DLF, Nestle, Mphasis
25 Jul, 2024 | 2 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading