NDB loan for MGNREG scheme

A loan agreement was signed between the Indian government and the New Development Bank to assist in Atmanirbhar Bharat Abhiyan through Mahatma Gandhi National Rural Employment Guarantee (MGNREG) Scheme. The scheme seeks to mitigate pandemic-led economic crisis and enable rural economic recovery via Natural Resource Management Works. Under this programme, durable rural infrastructure will be created and employment will be provided for the rural poor, especially the migrant workers.