Poor to get subsidies in cash
February 28th, 2011 - 1:49 pm ICT by IANS
New Delhi, Feb 28 (IANS) People living below the poverty line will receive cash as subsidies and the process will start by March 2012, Finance Minister Pranab Mukherjee said in his general budget speech Monday.”The government will move towards direct cash transfer to people living below poverty line in a phased manner,” Mukherjee said in his budget presented to the Lok Sabha.
A committee under Unique Identification Authority of India chairman Nandan Nilekani will be set up to design a mechanism that will allow millions of people to benefit from various subsidy schemes on foodgrain and fuel.
Huge leakages in various subsidy schemes like the public distribution scheme have led to the poor not benefiting much from various social welfare programmes of the federal government.
The finance minister said the system will be in place by March next year.
- Budget signals major subsidy reform on fertilizers, kerosene (Lead) - Feb 28, 2011
- 'Use of IT for subsidy transfers to drive industry growth' - Mar 17, 2012
- 'Pay subsidies directly to beneficiaries to plug leaks' - Feb 24, 2012
- Cash subsidies for cooking gas, kerosene, fertilisers - Jul 05, 2011
- Centre, states to discuss food bill (Lead) - Feb 06, 2012
- Technology advisory group for unique IT projects soon - Feb 26, 2010
- New system of LPG subsidy disbursal soon: Mukherjee - Aug 02, 2011
- Government reviews food security bill - Feb 29, 2012
- Finance minister says losing sleep over rising subsidy bills - Feb 08, 2012
- Andhra presents Rs.1.45 lakh crore budget (Lead) - Feb 17, 2012
- Live on this! BJP sends Rs.32 to PM, Sonia - Sep 27, 2011
- India's subsidies should not be grabbed by the rich: Jeffrey Sachs (Interview) - Aug 08, 2011
- Budget has welcome and avoidable features: Karunanidhi - Mar 16, 2012
- 30 percent jump in budget for disability sector - Mar 16, 2012
- Tamil Nadu to check corruption in welfare schemes - Aug 04, 2011
Tags: budget speech, distribution scheme, federal government, finance minister, India, leakages, living below the poverty line, Lok Sabha, nandan nilekani, New Delhi, pranab mukherjee, public distribution, social welfare, subsidies, subsidy schemes