Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Pradhan Mantri Viksit Gram Swaraj Yojana (PM VGSVY) as a Centrally Sponsored Scheme (CSS) for the period 2026-27 to 2030-31, aligning with the vision of a developed India. With a total outlay of ₹7,395.55 crore—₹4,869.48 crore from the Centre and ₹2,526.07 crore from states—the scheme aims to benefit over 2.55 lakh panchayats and around 32 lakh elected representatives, officials, and stakeholders by enhancing participatory planning, digital governance, and capacity-building. It will leverage platforms like eGramSwaraj and AI-driven tools like *PANCHAM* to ensure inclusive development, improve financial accountability, and strengthen local governance through evidence-based planning and audits, directly supporting the goals of the 16th Finance Commission.
For banking and SSC aspirants, this scheme highlights the government’s focus on decentralized governance, digital public infrastructure, and rural development—key areas often tested in exams like RBI Grade B and SSC CGL. The emphasis on financial outlays, inter-departmental coordination, and outcome-based monitoring reflects broader themes of fiscal federalism and administrative reforms, while the integration of AI tools underscores the growing role of technology in governance. Aspirants should note the scheme’s alignment with Sustainable Development Goals (SDGs), its multi-stakeholder approach, and the use of digital platforms to track progress, as these aspects frequently appear in polity and governance sections of competitive exams.
Source: PIB (Press Information Bureau)
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