Consulted top economists including Raghuram Rajan on Minimum Income Guarantee Scheme: Rahul Gandhi
Economy, Politics

Consulted top economists including Raghuram Rajan on Minimum Income Guarantee Scheme: Rahul Gandhi

Jaipur: Congress president Rahul Gandhi on Tuesday said that former Reserve Bank of India governor Raghuram Rajan was among top economists who were consulted in the process of coming up with the draft of party’s minimum income guarantees scheme called Nyuntam Aay Yojana (NYAY), according to which 20 per cent poorest families of India will get up to Rs 72,000 a year or Rs 6,000 a month, if Congress party gets voted to power.

In an event in Jaipur on Tuesday, Gandhi had said “We consulted all big economists, without telling anyone without giving any speech. We were engaged in this work for six months. Take the list of all big economists of the world, we consulted them (including) Raghuram Rajan”.

While talking to a media channel Rajan said, “We have seen over time that giving money directly to the people is often a way of empowering them. They can use that money for the services they need.”

“What matters is the details. Is it going to be an add-on or substitute a bunch of things? How do we get to the poor? What we need to understand is what are the things or schemes (subsidies) that will be substituted in the process,” the economist added.

Following the Congress Working Committee’s meeting, while interacting with the press, Congress chief Rahul Gandhi had made announcements regarding the party’s manifesto promises on Monday. “5 crore families, 25 crore people will benefit from the scheme. Minimum Income Line will be Rs 12000. If your income is below the mark then we will help you get there. This will be a fiscally prudent scheme,” Gandhi had said.

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