Tuesday, 22 January 2013

Cash transfer...a myth or a reality!!!

The cash transfer program has been actively running in Brazil for the past 15 years and the criterion by which people actually qualify to receive the cash is also mentioned. Same can be adopted by India too, but looking at the humongous population, implementation of this scheme will take some time. 60% of Indian population has been targeted and in the 60%, less than one third are yet to register for their UID's. Only 40% of Indian population have bank accounts and majority of the population are either urban class or are out of poverty zone. Bank accounts and UID's will definitely be the pillars on which the implementation of the program heavily rests. Direct cash distribution will again lead into political loop holes and corruption. The yearly subsidy amount and the amount sanctioned for cash transfer per year also differs by a large number. It shall be quite interesting to see a CAG audit report on the funds sanctioned. Nevertheless, UPA has aimed for the sky, the fruits shall be good but the leap shall be difficult. This would definitely increase their chance in the 2014 elections as this program is majorly targeted at their vote bank i.e. the poor class people. Some might oppose and some might agree but this will definitely remain as one of the biggest and courageous move by UPA government in this term which has only seen its downfall.

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