Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
H.M. Revanna, chairman of the Karnataka State Guarantee Schemes Implementation Authority, stated that the State government has spent ₹1.85 lakh crore on five guarantee schemes, representing 12% of the State budget. These schemes, which directly benefit eligible individuals irrespective of caste, provide each family with approximately ₹5,000 to ₹6,000 without middlemen or bribes. Revanna highlighted that Karnataka ranks top among states in per capita income, with the Gruha Lakshmi scheme specifically empowering women economically. He also noted that 15,724 registered beneficiaries had died, with 7,778 families successfully applying to nominate the eldest woman as the new beneficiary to continue receiving benefits. Issues such as technical difficulties in withdrawing money from banks for beneficiaries were also discussed, with a suggestion to direct bank managers to address these grievances.
This information is highly relevant for Banking, SSC, and RBI Grade B exams, particularly under Polity & Governance and current affairs. For banking aspirants, it underscores the significant financial outlay by state governments on social welfare schemes, impacting state budgets and potentially influencing credit off-take and financial inclusion, especially with direct benefit transfers and issues related to bank withdrawals. For SSC and RBI Grade B candidates, it highlights government policy initiatives, their implementation mechanisms, and challenges in reaching beneficiaries, touching upon aspects of public finance, social welfare, and administrative efficiency. The mention of per capita income and economic empowerment also connects to broader economic indicators and developmental goals.
Source: The Hindu
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