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Sustainable Development : Effectiveness of the Government and RBI Initiated Schemes

Ms. Ruchi Jain

First Published April 23,2012

Authors
  1. Ms. Ruchi Jain
Affiliation
  • Asst.Professor, Addl. HOD Deptt. of Financial Studies ICG,The IIS University Jaipur
Abstract
The Government of India as well as the various state governments, RBI fund and implement a number of schemes for the welfare of the poor. One of the major challenges in delivering benefits of anti-poverty programs to the poor is the threat of program capture by the non-poor. The non-poor can exercise their economic power and contribute to the campaign funds of the major political parties in exchange for preferential treatment in welfare services. Since the poverty line itself is very narrowly and rigidly defined that households just above this line can in the face of shocks and stresses easily relapse into poverty. Examining the design and impact of the government poverty alleviation schemes using the livelihoods approach will contribute to the design of alternative schemes through redesign/modification of existing schemes for promoting the livelihoods security of the rural poor. Huge leakages from the Public Distribution System (PDS) and NREG A and the fiscal burden imposed by them are likely to slow down the growth acceleration experienced in recent years, through its deleterious effects on public investment. The benefits of these to the poor, their cost-effectiveness is likely to be low. If the insights from our analysis are valid, much waste could be avoided through higher public investment in agriculture-especially in irrigation, roads and electricity-which would translate into higher yields, lower food prices and higher agricultural wage rates.
Keywords

Public Distribution System (PDS), cost-effectiveness, poverty alleviation schemes, higher yields, , preferential treatment.

References
  1. Economic Survey and publications of GOI.
  2. Misra SN (2004). “Rural Development Through Agro: Industries”, Anmol Publications Pvt Ltd.
  3. Saggar Saveeta ( 2005). “Commercial Banks in India”, Deep & Deep Publications (p) Ltd.
  4. Roy Durgadas (2006). “Rural Banking Agricultural Finance in India”, Rajat Publications.
  5. Narasaiah M L (2007). “Microcredit And Agricultural Development”, Discovery Publishing House.
  6. Tripathy S N (2007). “Dynamics of Rural Development”, Discovery Publishing House.
  7. Shivaji K, (2007). “Agricultural Finance By Commercial Banks”, Aph Publishing Corporation.
  8. Nathuramka Laxminarayan, (2008). “Economy of Rajasthan”, College Book House, Jaipur.
  9. Khubchandani B.S (2009). “Practices and Law of Banking”, Mac Millan Publications.
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