Centre revises MGNREGA wages ahead of Lok Sabha polls; Check new NREGS wage rates for financial year 2024-25

The BJP-ruled Centre on Wednesday, March 27 notified the latest revision in MGNREGA wages. Goa witnessed the maximum hike of 10.56 percent over the current wage rate.

Livemint
Updated28 Mar 2024, 11:43 AM IST
The BJP-ruled Centre has notified the latest revision in MGNREGA wages.
The BJP-ruled Centre has notified the latest revision in MGNREGA wages.

 

The BJP-ruled Centre on Wednesday, March 27 notified the latest revision in MGNREGA wages. The new wage rates for unskilled manual workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005 for the financial year 2024-2025 have been introduced ahead of Lok Sabha elections 2024.

The Ministry of Rural Development notified the new wage rates, under sub-section (1) of section 6 of MGNREGA 2005. These new wage rates will become effective from the upcoming financial year that begins from April 1, 2024.

Also read: India to shift from minimum wage to living wage system by 2025: Know what it means for the country

The state of Goa witnessed the maximum hike of 10.56 percent over the current wage rate taking the wage to 356 per day for fincial year 2024-2025 against 322 per day in the current fiscal year. Meanwhile, Uttar Pradesh and Uttarakhand registered the lowest raise of 3.04 percent each from existing 230 to 237 per day.

Also read: Need to understand what is happening on ground on MNREGA: FM Nirmala Sitharaman

The highest rate of NREGS wage that is 374 per day has been allotted for Haryana, while the lowest NREGS wage that is 234 per day has been fixed for Arunachal Pradesh and Nagaland.

As per the notification, three other states including Karnataka, Andhra Pradesh and Telangana, have registered over 10 percent hike in the NREGS wages for financial year 2024-25.

Also read: Centre may raise national minimum wage ahead of Lok Sabha elections, panel recommendations awaited

The new NREGS wage rate will be 349 per day in Karnataka that marks a 10.44 percent increase than the previous rate of 316 per day. Considering Andhra Pradesh and Telangana, the new NREGS wage rates will be 300 per day, which marks 10.29 increase from the previous rate which stood at 272 per day during the current financial year.

Also read: Govt approves 16% hike in wages for LIC employees: Report

Under the NREGS, Madhya Pradesh and Chhattisgarh share the same wage rate, both these states have seen a 10 percent surge in rates taking existing 221 to 243 per day.

Additionally, other states that witnessed a hike of NREGS wage rates below 5 percent include Haryana, Assam, Manipur, Arunachal Pradesh, Nagaland, Rajasthan, Kerala and Lakshadweep.

Moreover, the wages witnessed an average increase of about 7 percent from the existing all-India average wage rate that stood at 267.32 per day and is now 285.47 per day for the financial year 2024-25.

 

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:28 Mar 2024, 11:43 AM IST
HomeNewsCentre revises MGNREGA wages ahead of Lok Sabha polls; Check new NREGS wage rates for financial year 2024-25

Most Active Stocks

Adani Power

727.60
01:26 PM | 9 JUL 2024
29.65 (4.25%)

Indian Oil Corporation

171.25
01:26 PM | 9 JUL 2024
1.1 (0.65%)

Bharat Electronics

331.65
01:26 PM | 9 JUL 2024
-2.5 (-0.75%)

GAIL India

229.70
01:26 PM | 9 JUL 2024
-0.8 (-0.35%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Mangalore Refinery & Petrochemicals

237.65
01:14 PM | 9 JUL 2024
18.8 (8.59%)

Chennai Petroleum Corporation

1,043.40
01:13 PM | 9 JUL 2024
73.65 (7.59%)

Blue Star

1,768.85
01:14 PM | 9 JUL 2024
113.45 (6.85%)

Maruti Suzuki India

12,848.85
01:14 PM | 9 JUL 2024
822.85 (6.84%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,983.00-110.00
    Chennai
    74,128.00-691.00
    Delhi
    74,346.00-473.00
    Kolkata
    75,074.00400.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts