Rural Development Ministry has agreed to share one percent of its one lakh crore rupees budget for strengthening the institution of Panchayati Raj in the country. This was stated by the Panchayti Raj Minister, V Kishore Chandra Deo at a function organised to celebrate the National Panchayati Raj Day in New Delhi today.
Mr. Deo said that the Ministry of Rural Development has a budget of nearly one lakh crore and out of that one percent is being given to the Panchayati Raj Ministry which means that approximately 990 crore rupees will be given to the Ministry. Mr. Deo also said that it was for the first time that the Rural Development Ministry would be sharing some of its allotted funds with the Panchayati Raj Ministry. Mr. Deo said, there is a need to strengthen the infrastructure of Panchayats in the country and the money shared by the Rural Development Ministry will also contribute to it. Mr. Deo also said that his Ministry will further strengthen the infrastructure of Panchayati institutions.