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Steps to make programs more effective:

Link them with the infrastructural development programmes.

Strict monitoring and evaluation made part of the implementation plan.

Programmes should not be judged only for the economic impacts but for non- economic ones also.

PRIs also need to be strengthened, especially for extracting accountability.

MGNREGA work needs to be in line with lean agricultural season.

MGNREGA should be integrated with the ongoing development programme, including skills and training.

Transfering cash directly to intended beneficiaries.

Poverty is one of the evils that act as a major impediment in the development of the country. To eradicate poverty and to achieve social inclusion these employment generation programmes are a necessity. To a make them successful they needs to be dove-tailed with JAM (Jan Dhan, Aadhar and mobile banking) and universal social protection scheme (excluding the better off groups). Also universal basic income as a concept is good in tackling the problem of poverty but it need to vetted first.


 

4. Discuss Financial Inclusion as a mean to Inclusive Growth? Also identify the associated issues.Answer:5. Most rural poor are excluded from the ambit of the formal financial system, which raises their dependence on informal sources as well as exposure to financial distress. In this context, explain why formal sector lending, especially to farmers, is so limited. Also suggest some steps that need to be taken to increase access to formal credit in rural areas.Answer: