After Demonetization, Pradhanmantri Gareeb Kalyaan Yojana was started Why it started and what was happened to it? - letsdiskuss
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B.A. (Journalism & Mass Communication) | Posted | News-Current-Topics


After Demonetization, Pradhanmantri Gareeb Kalyaan Yojana was started Why it started and what was happened to it?


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After Demonetization, “Pradhanmantri Gareeb Kalyan Yojana” was started in 2016. The motive of this programme was to use the Black money collected through Demonetization for the benefit of economically weaker sections. And that’s how the unannounced income of people was to be utilized. People having such income could deposit their money to the government under this program. The time given to them was upto 31 March 2017 and the money could be deposit only once.


Letsdiskuss (Courtesy: India Today)


If we talk about the current status of this Yojana, it was as unsuccessful as demonetization. No one deposited a penny in the name of black money for the help of the poor and the underprivileged. The former Finance Minister, Arun Jaitely himself admitted that Pradhanmantri Jan Kalyan Yojana gave fruits opposite to government’s expectations and it will be reviewed.  


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