Current Affairs · Government Schemes and Policies

Regarding the Centre's decision to bring the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) under the Monthly/Quarterly Expenditure Plan (MEP/QEP) framework with a 60% limit for the first two quarters, which of the following statements is incorrect? 1. This is the first time MGNREGS has been brought under the MEP/QEP framework. 2. The Finance Ministry had earlier introduced MEP/QEP to manage cash flows and avoid excess borrowing. 3. MGNREGS has always had an annual cap on expenditure since its launch in 2005.