Govt sets Rs 10,000 min balance in bank accounts as rural poverty measure

The government will now look at the bank accounts of families in a rural set up to determine the level of poverty in a gram Panchayat. According to a report in The Times of India, the minimum amount in such accounts has been set as Rs 10,000. This threshold is one of several metrics that will be used to measure the economic condition in a village.

data-ad-slot="4580221891" data-ad-format="auto">

The more the number of families with such a minimum balance, the better a panchayat’s chance of being on the positive list of the poverty index.

Under Mission Antyodaya, there are 21 parameters to measure the economic status of any gram panchayat.The aim of the mission is to create 50,000 poverty-free panchayats.
For full report please click on the following link:  Govt sets Rs 10,000 min balance in bank accounts as rural poverty measure