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Minimum income guarantee scheme for poorest 20 pct doable: Chidambaram ‏

Minimum income guarantee scheme for poorest 20 pct doable: Chidambaram ‏

India Blooms News Service | @indiablooms | 25 Mar 2019, 06:14 pm

New Delhi, Mar 25 (IBNS): Senior Congress leader and former Finance Minister P. Chidambaram on Monday said the announcement by Congress President Rahul Gandhi that poorest 20 percent families in the country will get Rs 72000 per annum under the proposed minimum income guarantee scheme is doable.

In a series of tweets, he said: "Happy that Congress President announced NYAY. In other words, every family in the poorest 20 per cent will be given an income support of Rs 6000 a month."

"We have consulted economists, this is doable, and we will adhere to fiscal discipline," the former finance minister assured.

Reacting to Union Finance Minister Arun Jaitley's comment that the scheme is 'a bluff announcement', Chidambaram tweeted, "Dear FM, We have announced NYAY for the poorest 5 crore families. Do you SUPPORT it or OPPOSE it? Look forward to a straight answer."

Trying to woo the voters 17 days ahead of the Lok Sabha Election 2019, Rahul Gandhi came out with a Rs. 72,000 minimum income scheme for all poor people of the country.

Gandhi said his party will implement the scheme if voted to power in the upcoming polls.

What is the scheme?

The scheme, which has been worked out by former Union finance minister P Chidambaram, has marked Rs. 12,000 per month as the "minimum income line".

Any poor but working person, who has an income of less than Rs. 12,000 per month, will be helped by the scheme to touch the "minimum income line". Once the person's income naturally becomes Rs. 12,000 per month, the scheme will automatically cease to work.

What Rahul Gandhi said about the scheme?

Claiming the scheme as fiscally feasible, Gandhi said: "The scheme will eradicate poverty in the country. This is the final assault on poverty."

"Today is a historical day," the Congress president said.

Gandhi said the scheme will benefit 25 crore people in the country.

When will the General Election begin?

The first phase of the Lok Sabha election will begin on Apr 11. The election will continue in seven phases till May 19.

The poll results will be declared on May 23.