India, Oct. 28 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Pradhan Mantri Viksit Gram Swaraj Yojana (PM VGSY) with a total outlay of Rs.7,395.55 crore for implementation from 2026-27 to 2030-31. The Centrally sponsored scheme will coincide with the period of the Sixteenth Finance Commission. The Centre will contribute Rs.4,869.48 crore, while the states will contribute Rs.2,526.07 crore. The initiative aims to strengthen rural local governance and improve the capacity of Panchayats to plan, implement and monitor development programmes according to local needs.

The scheme will directly benefit around 32 lakh elected representatives, Panchayat functionaries and other stakeholders across more than 2.55 la...