2 min read.Updated: 25 Mar 2019, 11:19 PM ISTGyan Varma
Congress promises minimum income guarantee of ₹6,000/month to 50 million 'poor' families if voted to power after Elections 2019
The proposed Nyay scheme aims to provide ₹72,000 annually to 20% of the poorest families, says Congress president Rahul Gandhi
NEW DELHI :
New Delhi: Two weeks before Lok Sabha Elections 2019 kicks off, the Congress on Monday promised minimum income guarantee of ₹6,000 per month to 50 million “poor" families if voted to power. The proposed Nyay scheme aims to provide ₹72,000 annually to 20% of the poorest families, Congress president Rahul Gandhi said on Monday.
“Congress cannot accept poverty in the country. This is the final assault on poverty. The politics of Prime Minister Narendra Modi has made two Indias, one is for the poor and the second for the rich. We want one India, where the poor can also live with dignity," Gandhi said.
“This scheme will be implemented in a phased manner, there will be a pilot project first and then the entire scheme will be started. This scheme is fiscally prudent, it is doable and all the fiscal calculations have been done," he said.
Senior Congress leaders said the Nyay scheme will ensure that no Indian family falls below the minimum income threshold of ₹12,000 per month, and it was just the first economic policy promise of the party for the general elections.
The ruling Bharatiya Janata Party (BJP) was quick to launch an offensive on social media. “No political party has betrayed India for more than seven decades other than the Congress Party. It gave people of India slogans & very little resources to implement them. However, PM Narendra Modi has already given the poor what Congress promises," tweeted finance minister Arun Jaitley.
The latest announcement of the Congress Party if tested on simple arithmetic then ₹72,000 is less than 2/3rd of the existing DBT under Modi government, which averages ₹1.068 lakh annually. So what is being claimed by the Congress Party - A bluff announcement.
N.R. Bhanumurthy, professor, National Institute of Public Finance and Policy, said implementing such a scheme will be a challenge. “However, the proposed scheme is not unimplementable since direct benefit transfer is getting more and more traction. But we need to see which subsidy programmes need to be curtailed and which need to be scaled up."
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Never miss a story! Stay connected and informed with Mint.
our App Now!!