Read the given paragraph and answer the following questions.

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, is an innovative initiative by the Indian government under the auspices of the Ministry of Rural Development. It aims to enhance livelihood security in rural areas by providing at least 100 days of wage-employment in a financial year to every household whose adult members volunteer to do unskilled manual work. Recognized as the world's largest social security scheme, MGNREGA promotes sustainable development by mandating that a third of the beneficiaries be women and focuses on water conservation, afforestation, and soil erosion control projects. It not only provides a fall-back employment source during off-seasons but also facilitates the creation of durable assets, thereby contributing to the reduction of rural poverty. Overall, MGNREGA stands as a powerful tool for inclusive growth, underlining its importance in addressing India's rural employment and development challenges.