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'Self employment scheme could eliminate poverty'

Written by: Staff

New Delhi, Apr 19: The Rural Development Ministry has proposed launching of a new Self-Employment Scheme to eliminate poverty in the country by the end of eleventh five-year plan.

Rural Development Minister Raghuvansh Prasad Singh told reporters here that he has written to Finance Minister P Chidambaram and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia giving them a ''formula to eliminate unemployment and poverty in the country by the end of eleventh plan period.'' Stating that unemployment is the main reason for poverty, he said under the scheme all rural poor families should be covered under the Self Help Group movement for eradication of poverty through productive self employment. He stressed the need for making adequate financial provision of Rs 47489.25 crore during the eleventh plan.

This fund could be used for extending the coverage of the Swarnjayanti Gram Swarojgar Yojna under which Self Help Groups provide training to unemployed youth then banks provide financial assistance to help them set up their self employment work and marketing of their produce is ensured.

As per economic experts, even after the eleventh five year plan the country would have 13 per cent population under Below Poverty line while following this method poverty could be eradicated completely. At pre sent India as 26 percent population under BPL, he informed.


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