above, by March 2012 (Strategy and Guidelines on Financial Inclusion, MoF, 21st
October 2011) as per the 2001 census. In the wake of the RBI’s efforts to ensure
financial inclusion, the Ministry of Rural Development (MoRD) issued a circular on
January 21, 2008 that mandated transfer of wage payments only to bank or post
office accounts of Mahatma Gandhi National Rural Employment Guarantee Act 1
(MGNREGA) beneficiaries keeping in mind the objectives of transparency and
financial inclusion. Schedule II, paragraph 31 of the Act was suitably amended on
February 19, 2009 to state that ‘the payment of wages shall be made through the
individual or joint savings account of the workers in banks or post offices opened in
accordance with the directions of the Central Government’. Wage payment through
banks connects millions of people to banking, an inclusion to the financial system.
This led to the omission of the provision of part payment in kind and payment on
daily basis though not ruling out cash payments entirely. The introduction of bank
payments could benefit women in several ways. The main idea behind these bank
payments includes the perception that banks will increase the possibility of saving
and a reduction in the possibility of malpractices by those who distribute wages in
the villages. As per the Millennium development goals, (MDGs) Financial inclusion
(FI) offers incremental and complementary solutions to tackle poverty, to promote
inclusive development and to address the MDGs. Since then, nearly ten crores
bank/post office accounts have been opened and around 80 % of MGNREGS
payments have been made through this route. This has been hailed as the ‘world’s
largest ever financial inclusion scheme’.
2 Review of Literature
Govt. of India (2012), report has shown the scheme active role to increase the
environmental safety with less degradation of natural resources. Scheme has also
given better employment to unemployed rural persons. Azam (2012), in this article
shows the stronger evidence of increase in the public work, which is lead to reduce
the environmental degradation with increasing females participation in the scheme
works. Brief review on MGNREGA (2013), report has shown that most work
undertaken under this scheme are environment friendly and try to protect the
environment and better utilization of rural resources. Thadathil and Mohandas
(2012), primary survey-based study has shown that the employment security and
workers have advantage of employment at the time of their unemployment in the
lean period. Scheme has the provision to word on demand especially when agriculture work is not taking place in summer time that will be helpful to agricultural
labourers to get paid employment. Basu et al. (2009), Murugwel (2009), study
focus on the implementation of the programme and how it has improved the
agriculture productivity. Khera and Nayak (2009), work has deal with land
development, land productivity, irrigation facilities and rural livelihood issues. This
study has done with help of primary data which are collected from the two districts.
On the basis of above review of the literature; it has been found that thousands of
Environment Security and Mahatma Gandhi National Rural …
317
October 2011) as per the 2001 census. In the wake of the RBI’s efforts to ensure
financial inclusion, the Ministry of Rural Development (MoRD) issued a circular on
January 21, 2008 that mandated transfer of wage payments only to bank or post
office accounts of Mahatma Gandhi National Rural Employment Guarantee Act 1
(MGNREGA) beneficiaries keeping in mind the objectives of transparency and
financial inclusion. Schedule II, paragraph 31 of the Act was suitably amended on
February 19, 2009 to state that ‘the payment of wages shall be made through the
individual or joint savings account of the workers in banks or post offices opened in
accordance with the directions of the Central Government’. Wage payment through
banks connects millions of people to banking, an inclusion to the financial system.
This led to the omission of the provision of part payment in kind and payment on
daily basis though not ruling out cash payments entirely. The introduction of bank
payments could benefit women in several ways. The main idea behind these bank
payments includes the perception that banks will increase the possibility of saving
and a reduction in the possibility of malpractices by those who distribute wages in
the villages. As per the Millennium development goals, (MDGs) Financial inclusion
(FI) offers incremental and complementary solutions to tackle poverty, to promote
inclusive development and to address the MDGs. Since then, nearly ten crores
bank/post office accounts have been opened and around 80 % of MGNREGS
payments have been made through this route. This has been hailed as the ‘world’s
largest ever financial inclusion scheme’.
2 Review of Literature
Govt. of India (2012), report has shown the scheme active role to increase the
environmental safety with less degradation of natural resources. Scheme has also
given better employment to unemployed rural persons. Azam (2012), in this article
shows the stronger evidence of increase in the public work, which is lead to reduce
the environmental degradation with increasing females participation in the scheme
works. Brief review on MGNREGA (2013), report has shown that most work
undertaken under this scheme are environment friendly and try to protect the
environment and better utilization of rural resources. Thadathil and Mohandas
(2012), primary survey-based study has shown that the employment security and
workers have advantage of employment at the time of their unemployment in the
lean period. Scheme has the provision to word on demand especially when agriculture work is not taking place in summer time that will be helpful to agricultural
labourers to get paid employment. Basu et al. (2009), Murugwel (2009), study
focus on the implementation of the programme and how it has improved the
agriculture productivity. Khera and Nayak (2009), work has deal with land
development, land productivity, irrigation facilities and rural livelihood issues. This
study has done with help of primary data which are collected from the two districts.
On the basis of above review of the literature; it has been found that thousands of
Environment Security and Mahatma Gandhi National Rural …
317