IMF Lauds India’s Direct Cash Transfer Scheme


Washington: India’s deployment of a direct cash transfer scheme and other similar social welfare programmes is a “logistical marvel”, the International Monetary Fund (IMF) said on Wednesday.

“From India, there is a lot to learn. There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive,” Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, told reporters at a news conference here.

“In fact, just because of the sheer size of the country, it is a logistical marvel how these programmes that seek to help people who are at low-income levels reach literally hundreds of millions of people,” he said in response to a question on the impressive direct cash transfer programme being successfully implemented by the Indian government.

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