PM Modi's food security scheme averted rise in extreme poverty: IMF study
India TodayA study by the International Monetary fund has found that Prime Minister Narendra Modi’s food security project — the Pradhan Mantri Garib Kalyan Anna Yojana — has been critical in preventing any increase in extreme poverty levels in India during the Covid-19 pandemic. The new IMF paper — Pandemic, Poverty, and Inequality: Evidence from India — found that extreme poverty in India was less than 1% in 2019 and it remained constant even during the pandemic in 2020. “PMGKAY was critical in preventing any increase in extreme poverty levels in India and the doubling of food entitlements worked substantially in terms of absorbing the Covid-induced income shocks on the poor,” the report stated. Last month, Prime Minister Narendra Modi announced the extension of Pradhan Mantri Garib Kalyan Anna Yojana till September 2022.