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Extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY)
Context:
The PM Garib Kalyan Ann Yojana (PMGKAY) scheme was to end this December and it has been further extended for 5 years.
So, let’s look at the impacts of the same.
Impacts-
- Positive Impacts:
- Food Security: The extension provides continued food security for vulnerable sections of society.
- The scheme's continuation ensures that approximately 80 crore beneficiaries receive free foodgrains, addressing the crucial issue of hunger in the country.
- Social Welfare: It serves as a vital social welfare scheme that caters to the needs of underprivileged individuals by offering essential food items at highly subsidized rates.
- It's a critical step towards alleviating poverty and malnutrition.
- Negative Impacts:
- Economic Implications: There might be concerns about the long-term economic implications of sustaining such a scheme, particularly concerning the budgetary allocation and fiscal pressure due to the substantial cost involved in providing free foodgrains.
- Dependency: Continuous extension of free food distribution could potentially create a sense of dependency among certain sections of society, reducing their self-sufficiency and ability to become economically independent.
- Highlights existence of Economic Distress and Inequality: This decision reflects the prolonged financial struggles faced by a significant portion of the populace.
- Demonstrating the absence of substantial income growth in parallel with the steep rise in prices of essential goods, signifying persistent economic distress and growing economic inequality across the country.
- Food Security: The extension provides continued food security for vulnerable sections of society.
Way Ahead:
- Empowerment Programs: The government can initiate skill development and empowerment programs alongside the PMGKAY to facilitate the transition of beneficiaries towards self-sustainability.
- Long-term Planning: Focus on initiatives for economic growth and job creation that can uplift the living standards of individuals, reducing their dependence on welfare schemes.
- Monitoring and Evaluation: Implement strong monitoring mechanisms to ensure that the benefits of these welfare schemes are reaching the intended beneficiaries and making a positive impact.
- Rationalization: Consider periodic evaluations to rationalize the scheme, ensuring that it remains targeted, efficient, and caters to those who need it the most, while preventing misuse or leakage of resources.
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