Moneycontrol PRO
HomeNewsPoliticsIn response to PM Modi's Rs 6,000/year to India's kisan, Rahul Gandhi promises Rs 6k/month to 25cr poor

In response to PM Modi's Rs 6,000/year to India's kisan, Rahul Gandhi promises Rs 6k/month to 25cr poor

The Congress president called the scheme “unprecedented” and “the final assault on poverty”

March 25, 2019 / 15:16 IST
Rahul Gandhi

After the Congress Working Committee meet, party president Rahul Gandhi announced at a press briefing that a sum of Rs 72,000 will be directly transferred into the accounts of the country’s poor under the minimum income scheme.

Putting a figure to the scheme, that he had announced earlier this year, for the first time, Rahul Gandhi said India’s 20 percent most poor families will get the benefit of the minimum basic income guarantee scheme.

Rahul Gandhi told mediapersons that 5 crore families and 25 crore people will directly benefit from this scheme. Gandhi said the Congress has studied the fiscal implications of the scheme and consulted renowned economists and experts before finalising it.

Calling the scheme “unprecedented” and “the final assault on poverty”, Rahul Gandhi said, “Congress party will provide income support to people earning less than Rs 12,000 per month.”

Rahul Gandhi’s announcement, ahead of the crucial Lok Sabha elections, can be seen as a counter to Prime Minister Narendra Modi’s KISAN scheme, in which he promised a sum of Rs 6000 annually to farmers.

After the announcement was made in this year's Interim Budget, the Congress had castigated the move calling it a "humiliation to the farmers".

Catch LIVE updates here.

Moneycontrol News
first published: Mar 25, 2019 03:16 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347