The Bank is also leading the initiative for setting up a Government-sponsored Credit Guarantee Trust Fund for low income housing in close collaboration with the Ministry of Housing, Govt of India, and for setting up a Mortgage Guarantee Company in partnership with other International Financial Institutions. Government/Government bodies The Government policies have remained geared towards alleviating poverty with a host of direct intervention programmes.
Data on the increase in rural wages over last several years suggest that the rate of increase has been in excess of comparable consumer price inflation in rural areas. MGNREGS, guaranteeing 100 days of employment per year is in operation since 2006, and recently MGNREGS wages have been indexed to consumer price inflation in rural areas.