MGNREGA empowering poor farmers & labourers in MP: CM
Bhopal: Chief minister Mohan Yadav said on Sunday that the Mahatma Gandhi National Rural Employment Guarantee Act (
MGNREGA
) has emerged as a strong foundation for the prosperity of the poor, farmers, and labourers of Madhya Pradesh.
Yadav said that this scheme not only provides local employment to the poor, labourers, and farmers but also helps in enhancing irrigation facilities. "Under MGNREGA, works such as the construction of farm ponds, Amrit Sarovars, wells, check dams, land levelling, bunding, horticulture, renovation of water bodies, and rainwater harvesting structures are being carried out. So far, 32 lakh people in the state received employment through MGNREGA as part of the Jal Ganga Sanvardhan Abhiyan.
During FY 2025–26, approximately Rs 1500 crore was paid in wages to workers," he said.
The central and state govts are implementing MGNREGA, which guarantees 100 days of employment locally to ensure that people in rural areas receive employment at the local level. Since April this year, 32 lakh individuals from 22 lakh families benefited from the scheme in the state.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
18 minutes ago
- News18
Stocks To Watch: ITC, Bajaj Finance, Vedanta, Adani Ports, SpiceJet, NTPC, And Others
Last Updated: Stocks to watch: Shares of firms like ITC, Bajaj Finance, Vedanta, Adani Ports, SpiceJet, NTPC, and others will be in focus on Monday's trade Stocks to Watch on June 16, 2025: Geopolitical tensions and mixed global cues kept Indian markets under pressure last week, with benchmarks declining over 1%. In today's session, the following stocks are likely to remain in focus due to key developments SpiceJet SpiceJet posted a record quarterly net profit of Rs 319 crore in Q4 FY25, up twelvefold from Rs 26 crore in Q3. This marks its second straight profitable quarter and a full-year profit of Rs 48 crore in FY25, a turnaround from a Rs 404 crore loss in FY24. Amid fresh Iranian missile strikes on Israel, Adani Ports clarified that its Haifa port remained unaffected, despite reports of damage to nearby Israeli infrastructure. The attack heightens geopolitical risk but hasn't impacted port operations. Adani Green Energy The company topped the NSE's ESG ratings in the utilities/power sector, scoring 74 and ranking among the top five entities across India's top 100 listed firms by revenue. ITC ITC has completed the Rs 400 crore all-cash acquisition of Sresta Natural Bioproducts Pvt. Ltd., marking its entry into the organic food segment. SNBPL is now a wholly owned ITC subsidiary. Birla Corporation The MP Birla Group's flagship firm has been declared the preferred bidder for the Gourum Khan Ki Dhani (South) limestone block in Jaisalmer, Rajasthan, following a successful e-auction. Hindustan Zinc The government is reconsidering the timing and route of divesting its remaining stake in Hindustan Zinc, with officials citing high and steady dividend inflows as a reason to hold. Sun Pharma The US FDA issued eight observations in a Form 483 after inspecting Sun Pharma's Halol facility from June 2 to 13. The site remains under import alert since a 2022 warning letter. Bajaj Finance The stock will trade ex-bonus and ex-stock split from June 17. Bajaj Finance announced a 4:1 bonus issue and a stock split from Rs 2 to Rs 1 face value per share in its Q4 FY25 results. Vedanta The board will meet on June 18 to consider the first interim dividend for FY26. The record date is set for June 24. NTPC NTPC has commenced commercial operations of Unit-3 (660 MW) at its North Karanpura Super Thermal Power Project. First Published: June 16, 2025, 07:40 IST
Economic Times
20 minutes ago
- Economic Times
Sacheerome IPO to debut today on NSE SME platform. Here's what GMP indicates
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The SME IPO of Sacheerome , a fragrance and flavour manufacturer, is all set to list on June 16 on the NSE SME platform after a blockbuster response during the subscription window. The Rs 61.62 crore issue was open between June 9 and June 11, and saw heavy demand across investor issue was oversubscribed by 312.94 times, with the non-institutional investors (NIIs) category witnessing an 808.56x subscription. The qualified institutional buyers (QIBs) subscribed 173.15x, while the retail investors (RIIs) subscribed price band was fixed at Rs 102 per share. Ahead of the listing, the company's shares were trading with a grey market premium (GMP) of Rs 24 with an expected listing price pegged at around Rs 126, implying 23% gain per share on IPO was a 100% fresh issue of 60.40 lakh shares, and proceeds will be used primarily for setting up a new manufacturing facility in Greater Noida, and to meet general corporate specializes in creating cosmetic and industrial fragrances, food flavours, and essence extracts for the B2B FMCG company supplies its products across categories like personal care, home care, oral hygiene, beverages, dairy, confectionery, and seasonings. It also exports to the Middle East and African markets, with a headcount of 153 employees as of September Sacheerome reported revenue of Rs 108.13 crore and net profit of Rs 15.98 crore for FY25, marking a 25% and 50% year-on-year IPO was managed by GYR Capital Advisors as the lead manager and MUFG Intime India as the registrar. The listing will be closely watched by investors and analysts alike as a barometer of appetite for quality SME issues in the current market.
Economic Times
20 minutes ago
- Economic Times
Samay Project Services IPO opens for subscription: Here's what you need to know
The initial public offering (IPO) of Samay Project Services opens for subscription on June 16 and will close on June 18. The company plans to raise Rs 14.69 crore through a fresh issue of 43.2 lakh equity shares, with no offer for sale component. ADVERTISEMENT The price band is fixed at Rs 32–34 per share, with investors required to bid for a minimum of 4,000 shares per lot, amounting to Rs 1.36 lakh at the upper end of the band. The issue is being managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar. Shares are expected to be listed on NSE SME on June 23. Ahead of the IPO, the company raised Rs 2.72 crore from anchor investors on June 13, by allocating 8 lakh shares. Of this, 50% will remain locked in for 30 days, while the rest will be subject to a 90-day Project Services, incorporated in 2001, is an Engineering, Procurement and Construction (EPC) firm catering to the design, supply, and commissioning of balance of plant (BoP) systems. Its services span a wide array of industrial infrastructure segments including fire protection systems, piping, tanks and vessels, bio-CNG plants, and automation. ADVERTISEMENT It has 54 full-time employees and over 170 contract labourers, delivering services to industries like petrochemicals, manufacturing, and the fiscal year ended March 2025, Samay Project Services reported a revenue of Rs 37.72 crore and profit after tax of Rs 4.19 crore. ADVERTISEMENT The IPO proceeds will be primarily used to fund working capital requirements amounting to Rs 12 crore, with the balance going toward general corporate purposes. (You can now subscribe to our ETMarkets WhatsApp channel)
