India, Oct. 28 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Pradhan Mantri Viksit Gram Swaraj Yojana (PM VGSY) as a Centrally Sponsored Scheme for the period from 2026-27 to 2030-31, aligned with the national vision of Viksit Bharat. The initiative aims to transform grassroots governance by strengthening Panchayats, improving local development planning and enhancing accountability.
The scheme has a total outlay of Rs 7,395.55 crore, comprising a Central share of Rs 4,869.48 crore and a State share of Rs 2,526.07 crore. Its implementation period will coincide with the Sixteenth Finance Commission period.
The initiative is expected to directly benefit around 32 lakh elected representatives, Panchayat funct...