IMF Praises India’s PMGKAY; How This Scheme Provides Food Security And Controls Poverty?
The International Monetary Fund (IMF) has praised India’s efforts for food distribution during the COVID-19 pandemic. They said that the state averted extreme poverty rise during this era by providing food security through the govt initiative Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). The IMF has also stated that India’s extreme poverty is a smaller amount than 1%and this was also maintained in 2020. The IMF presented a research paper based on the consumption and poverty estimates in India during the COVID-19 pandemic. The paper had a title called ‘Pandemic, Poverty, and Inequality: Evidence from India.’The Pradhan Mantri Garib Kalyan Anna Yojana played an enormous role in preventing the rise in extreme poverty levels across the state. As India’s food subsidy program w...
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