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The committee was also criticized in some quarters as "anti-poor". According to some, the committees failed to recommend measures for faster alleviation of poverty in India by generating new employment. [3] This caused some suffering to small borrowers (both individuals and businesses in tiny, micro and small sectors).
Various poverty lines and resulting percentage of BPL population Method Line Figure % of poor population Poor population World Bank (2021) poverty line 1.90 (PPP $ day) 6 84m [7] lower middle-income line 3.20 (PPP $ day) 26.2 365m [7] upper middle-income line 5.50 (PPP $ day) 60.1 838m [7] Asian Development Bank (2014) poverty line
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (commonly known as the Nachiket Mor Committee) [1] was an expert committee formed by Raghuram Rajan on 23 September 2013, [2] after he was appointed as the governor of the Reserve Bank of India (RBI). It was headed by Nachiket Mor.
Society for Elimination of Rural Poverty (SERP) is an autonomous society of the Department of Rural Development, Government of Andhra Pradesh. [1] SERP is implementing Indira Kranthi Patham (IKP), [ 2 ] a statewide community driven rural poverty reduction project to enable the poor to improve their livelihoods and quality of life through their ...
The National Rural Livelihood Mission (NRLM) is a poverty alleviation project implemented by the Ministry of Rural Development, a branch of the Government of India.This plan is focused on promoting self-employment and the organization of rural poor.
In the same time it reduced poverty by 50%. With respect to cutting poverty in half, India took three times the number of years—18 years between 1993 and 2011. [ 5 ] In 2013, average farmer income was ₹ 6,426 (equivalent to ₹ 11,000 or US$130 in 2023) while its average monthly consumption expenditure was ₹ 6,223 (equivalent to ...
Self-help groups are started by non-governmental organizations (NGOs) that generally have broad anti-poverty agendas. Self-help groups are seen as instruments for goals including empowering women, developing leadership abilities among the poor and the needy, increasing school enrolment and improving nutrition and the use of birth control.
Based on the above consumption expenditure survey, a State Bank of India report stated that rural poverty was 7.2% and urban poverty was 4.6% in 2022-23 with a new consumption expenditure-based poverty line for India of Rs 1,622 per person per month for rural areas and Rs 1,929 per person per month for urban areas in India based on the ...