BANKING AFFAIRS

Detailed explanation-1: -Mahatma Gandhi National Rural Employment Guarantee Act 2005 or MNREGA, earlier known as the National Rural Employment Guarantee Act or NREGA, is an Indian labour law and social security measure that aims to guarantee the ‘right to work’.

Detailed explanation-2: -Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)

Detailed explanation-3: -This is a labor law and social security measure that aims to guarantee the ‘Right to Work’. It was officially launched on 2 February 2006 under The Mahatma Gandhi National Rural Employment Guarantee Act, passed on 23 August 2005. The act was first proposed in 1991 by P.V. Narasimha Rao.

Detailed explanation-4: -Mahatma Gandhi NREGA aims at enhancing livelihood security of households in rural areas of the country by providing at least one hundred days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.

Detailed explanation-5: -Mahatma Gandhi National Rural Employment Guarantee Act 2005 was passed by the UPA I. It is applicable in Rural areas only. It provides work for not less than one hundred days in a financial year. It is a social security measure that aims to guarantee the right to work.