Rahul Gandhi promises minimum income guarantee to poor peoples across india.

Rahul Gandhi promising a minimum income of Rs 72,000 per year to the 50 million poorest families across india. Garibi Hatao flopped badly. So will NYAY(Nyuntam Aay Yojana) unless totally rethought.

After first announcing a minimum income guarantee as the big Congress promise back in January, party president Rahul Gandhi gave more details about the scheme this week: Rs 72,000 per year for India’s poorest 20%. That is a major promise, coming so soon after Prime Minister Narendra Modi’s income support of Rs 6,000 per year for farmers, and just the kind of policy subject that we like to dig into on this newsletter.

Indian parties have a consensus on cash grants to the needy. Schemes in Telangana, Odisha and Jharkhand have been followed by Modi’s PM-Kisan, costing Rs 75,000 crore per year. Achieving that without fiscal profligacy is difficult. Rahul’s NYAY(Nyuntam Aay Yojana) will cost almost five times more, Rs 360,000 crore, or 1.8% of GDP.

How will the government identify the 20%? Targeting the poor has been one of the biggest problems for India’s welfare programs, and NYAY will be known different. And how will NYAY be paid for? A simple calculation of Rs 72,000 per year multiplied by 5 crore households comes out to Rs 3,60,000 crore per year. That would be just under 2% of India’s Gross Domestic Product, a huge outlay.

Yogi Adityanath's Deputy Dinesh Sharma said - Rahul Gandhi's Nyay Scheme is 'Anyaay Yojana'.

Uttar Pradesh Deputy Chief Minister Dinesh Sharma on Saturday described the Congress' Nyay scheme as "anyay yojana", saying that the scheme is "laughable" when compared to the welfare schemes implemented by the BJP.

The public is able to see all the 'anyaay' done by them (Congress) in their Nyay scheme. This is a type of  'anyaay yojana', as in the period of more than 70 years of Independence, you (Congress) ruled the country for almost three-fourths of the period, but never thought about the betterment of the people, especially the poor.

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