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Budget 2011-12: Poor to
get subsidies in cash
Monday February 28, 2011 04:05:32 PM,
IANS
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New Delhi: People
living below the poverty line will receive cash as subsidies and
the process will start by March 2012, Finance Minister Pranab
Mukherjee said in his general budget speech Monday.
"The government will move towards direct cash transfer to people
living below poverty line in a phased manner," Mukherjee said in
his budget presented to the Lok Sabha.
A committee under Unique Identification Authority of India
chairman Nandan Nilekani will be set up to design a mechanism that
will allow millions of people to benefit from various subsidy
schemes on foodgrain and fuel.
Huge leakages in various subsidy schemes like the public
distribution scheme have led to the poor not benefiting much from
various social welfare programmes of the federal government.
The finance minister said the system will be in place by March
next year.
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