Late Starter On the Rural Economy ? Modi govt 2-yr Report Card:
The Narendra Modi government has been accused by some of taking its eye off the accelerator when it comes to the rural economy.
India’s rural economy, partly dependent on agriculture, has been battered by two back-to-back droughts. Amid this, the Narendra Modi government has been accused by some of taking its eye off the accelerator when it comes to the rural economy.
Lately, though, the government machinery has sprung into action, having rolled out a number of steps to boost agriculture incomes, and to improve social conditions such as housing etc.
That is not to say the government hasn’t taken any steps for rural India: over the course of the previous two Budgets, the government launched a number of schemes targeted at it. From Kissan Fasal Bima Yojana to Pradhan Mantri Gram Sadak Yojana and Old Age Pension Yojana to Mudra Yojana, the government has introduced a number of schemes to help alleviate the stress on the poor in the rural economy.
Hits: – The government has taken a number of steps that would boost the economy in a structural manner: JAM subsidies, more infrastructure spending via schemes such as Pradhan Mantri Gram Sadak Yojana and Housing for All.
Negatives: – Impact of infrastructure scheme takes some years to show up and capital spending would not do much to alleviate stress in the short term. – The government has further been accused of doing only lip service to flagship UPA welfare schemes such as MGNREGA.
Read More – Report Card