ADVERTISEMENTREMOVE AD

World Bank hails India’s Social Security Schemes

World Bank lauds India’s social security schemes such as MNREGA’s as biggest in the world.

Updated
India
2 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

Recently, the World Bank released a report “The State of Social Safety Nets 2015”, which mentioned that 1.9 billion in the world are beneficiaries of social safety net programs. However, 75% of the poorest people in low and lower-middle income countries still lack access to such programs and remain vulnerable.

The report concluded that $329 billion was spent on these programs across 120 developing countries between 2010 and 2014, and most well-designed programs accounted only between 1.5 percent and 1.9 percent of their GDPs.

Given India’s huge population, its social safety programs featured among the top programs in their respective categories. Let us have a look.

ADVERTISEMENTREMOVE AD
World Bank lauds India’s social security schemes such as MNREGA’s as biggest in the world.
0

The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), launched by the UPA government has been hailed as the world’s largest social safety net program.

Last year, there were a lot of discussions and debates amidst fears that the BJP government would reduce its support to the program, which led to a group of economists signing a letter to Prime Minister Narendra Modi and urged him to continue support to the program.

ADVERTISEMENTREMOVE AD
World Bank lauds India’s social security schemes such as MNREGA’s as biggest in the world.

India’s mid-day meal program, which is the biggest of its kind in the world, has been one of the significant contributors to increasing enrollment in public schools across the country.

World Bank lauds India’s social security schemes such as MNREGA’s as biggest in the world.

The Janani Suraksha Yojana (JSY) is a safe motherhood intervention launched in 2005, under the National Rural Health Mission (NHM). It aims to reduce maternal and neonatal mortality by promoting institutional delivery among poor pregnant women.

ADVERTISEMENTREMOVE AD
World Bank lauds India’s social security schemes such as MNREGA’s as biggest in the world.

The Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is an old age pension scheme that covers Indians who are 60 years and above and live below the poverty line. Ministry of Rural Development launched it in August 1995 as a part of the National Social Assistance Programme (NSAP).

Under the scheme, all beneficiaries aged 60-79 receive a monthly pension of Rs. 200. Those 80 years and above receive a monthly pension amount of Rs. 500.

(Devanik Saha is a freelance journalist based in New Delhi. The article was originally published in Factly, which helps build data literacy. )

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Read Latest News and Breaking News at The Quint, browse for more from news and india

Topics:  World Bank   MNREGA 

Published: 
Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More