The allocation to the Panchayati Raj Ministry for the year 2021-22 increased by more than 32 per cent to ₹ 913.43 crore in the Union Budget presented by Finance Minister Nirmala Sitharaman on Monday compared to the revised expenditure during the current financial year.
The major jump in the allocation was seen in the Svamitva scheme, which more than doubled to ₹ 200 crore from ₹ 79.65 crore in the current fiscal.
The Svamitva scheme was launched by Prime Minister Narendra Modi in the last calendar year. It aims to provide the record of rights to village household owners in rural areas and issuance of property cards. It also enables monetization of rural residential assets for credit and other financial services.