× #1 Microeconomics vs. Macroeconomics #2 Definition and Scope of Economics #3 Positive and Normative Economics #4 Scarcity, Choice, and Opportunity Cost #5 Law of Demand and Determinants #6 Market Equilibrium and Price Mechanism #7 Elasticity of Demand and Supply #8 Utility Analysis: Total and Marginal Utility #9 Indifference Curve Analysis #10 Consumer Equilibrium #11 Revealed Preference Theory #12 Factors of Production #13 Production Function: Short-run and Long-run #14 Law of Variable Proportions #15 Cost Concepts: Fixed, Variable, Total, Average, and Marginal Costs #16 Perfect Competition: Characteristics and Equilibrium #17 Monopoly: Price and Output Determination #18 Monopolistic Competition: Product Differentiation and Equilibrium #19 Oligopoly: Kinked Demand Curve, Collusion, and Cartels #20 Theories of Rent: Ricardian and Modern #21 Wage Determination: Marginal Productivity Theory #22 Interest Theories: Classical and Keynesian #23 Profit Theories: Risk and Uncertainty Bearing #24 Concepts: GDP, GNP, NNP, NDP #25 Methods of Measuring National Income: Production, Income, Expenditure #26 Real vs. Nominal GDP #27 Limitations of National Income Accounting #28 Distinction between Growth and Development #29 Indicators of Economic Development: HDI, PQLI #30 Theories of Economic Growth: Harrod-Domar, Solow #31 Sustainable Development and Green GDP #32 Functions and Types of Money #33 Theories of Money: Quantity Theory, Keynesian Approach #34 Banking System: Structure and Functions #35 Role and Functions of Central Bank (RBI) #36 Objectives and Instruments: CRR, SLR, Repo Rate #37 Transmission Mechanism of Monetary Policy #38 Inflation Targeting Framework #39 Effectiveness and Limitations of Monetary Policy #40 Components: Government Revenue and Expenditure #41 Budgetary Process in India #42 Fiscal Deficit, Revenue Deficit, Primary Deficit #43 FRBM Act and Fiscal Consolidation #44 Types and Causes of Inflation #45 Effects of Inflation on Economy #46 Measures to Control Inflation: Monetary and Fiscal #47 Deflation: Causes, Consequences, and Remedies #48 Types: Frictional, Structural, Cyclical, Seasonal #49 Measurement of Unemployment #50 Causes and Consequences #51 Government Policies to Reduce Unemployment #52 Measurement of Poverty: Poverty Line, MPI #53 Causes of Poverty in India #54 Income Inequality: Lorenz Curve and Gini Coefficient #55 Poverty Alleviation Programs in India #56 Principles of Taxation: Direct and Indirect Taxes #57 Public Expenditure: Types and Effects #58 Public Debt: Internal and External #59 Deficit Financing and its Implications #60 Theories: Absolute and Comparative Advantage #61 Balance of Payments: Components and Disequilibrium #62 Exchange Rate Systems: Fixed, Flexible, Managed Float #63 International Monetary Fund (IMF): Objectives and Functions #64 World Bank Group: Structure and Assistance Programs #65 World Trade Organization (WTO): Agreements and Disputes #66 United Nations Conference on Trade and Development (UNCTAD) #67 Characteristics of Indian Economy #68 Demographic Trends and Challenges #69 Sectoral Composition: Agriculture, Industry, Services #70 Planning in India: Five-Year Plans and NITI Aayog #71 Land Reforms and Green Revolution #72 Agricultural Marketing and Pricing Policies #73 Issues of Subsidies and MSP #74 Food Security and PDS System #75 Industrial Policies: 1956, 1991 #76 Role of Public Sector Enterprises #77 MSMEs: Significance and Challenges #78 Make in India and Start-up India Initiatives #79 more longer Growth and Contribution to GDP #80 IT and ITES Industry #81 Tourism and Hospitality Sector #82 Challenges and Opportunities #83 Transport Infrastructure: Roads, Railways, Ports, Airports #84 Energy Sector: Conventional and Renewable Sources #85 Money Market: Instruments and Institutions #86 Public-Private Partnerships (PPP) in Infrastructure #87 Urban Infrastructure and Smart Cities #88 Capital Market: Primary and Secondary Markets #89 SEBI and Regulation of Financial Markets #90 Recent Developments: Crypto-currencies and Digital Payments #91 Nationalization of Banks #92 Liberalization and Entry of Private Banks #93 Non-Performing Assets (NPAs) and Insolvency and Bankruptcy Code (IBC) #94 Financial Inclusion: Jan Dhan Yojana, Payment Banks #95 Life and Non-Life Insurance: Growth and Regulation #96 IRDAI: Role and Functions #97 Pension Reforms and NPS #98 Challenges in Insurance Penetration #99 Trends in India’s Foreign Trade #100 Trade Agreements and Regional Cooperation #101 Foreign Exchange Reserves and Management #102 Current Account Deficit and Capital Account Convertibility #103 Sectoral Caps and Routes #104 FDI Policy Framework in India #105 Regulations Governing FPI #106 Recent Trends and Challenges #107 Difference between FDI and FPI #108 Impact of FDI on Indian Economy #109 Impact on Stock Markets and Economy #110 Volatility and Hot Money Concerns #111 Determination of Exchange Rates #112 Role of RBI in Forex Market #113 Rupee Depreciation/Appreciation: Causes and Impact #114 Sources of Public Revenue: Taxes, Fees, Fines #115 Types of Public Expenditure: Capital and Revenue #116 Components of the Budget: Revenue and Capital Accounts #117 Types of Budget: Balanced, Surplus, Deficit #118 Fiscal Deficit, Revenue Deficit, Primary Deficit #119 Implications of Deficit Financing on Economy #120 Performance and Challenges #121 Current Account and Capital Account #122 Causes and Measures of BoP Disequilibrium #123 Fixed vs. Flexible Exchange Rates #124 Purchasing Power Parity (PPP) Theory #125 Absolute and Comparative Advantage #126 Heckscher-Ohlin Theory #127 Free Trade vs. Protectionism #128 Tariffs, Quotas, and Subsidies #129 Concepts and Indicators #130 Environmental Kuznets Curve #131 Renewable and Non-Renewable Resources #132 Tragedy of the Commons #133 Economic Impact of Climate Change #134 Carbon Trading and Carbon Tax #135 Kyoto Protocol, Paris Agreement #136 National Action Plan on Climate Change (NAPCC) #137 Factors Affecting Productivity #138 Green Revolution and Its Impact #139 Abolition of Intermediaries

ECONOMICS

Introduction

Poverty alleviation has been a cornerstone of India’s development agenda since independence. Recognizing that poverty is a complex, multidimensional problem rooted in historical, social, and economic factors, the Indian government has launched numerous targeted programs and schemes over the decades. These programs aim to improve income, education, health, nutrition, and social security, especially for the marginalized and vulnerable sections of society. The evolution of poverty alleviation strategies—from basic welfare and subsidies to empowerment-driven models—reflects India’s commitment to inclusive growth and social justice. In this discussion, we examine key poverty alleviation programs, their objectives, implementation mechanisms, and impacts, offering a comprehensive overview suited for policymakers, researchers, and aspirants.


Historical Overview of Poverty Alleviation in India

India’s approach to poverty alleviation has evolved through successive Five-Year Plans and policy reforms. Initially, strategies focused on land reforms, agricultural development, and rural employment generation to uplift the poor majority dependent on farming. The 1970s and 1980s saw the introduction of direct poverty alleviation programs such as the Integrated Rural Development Programme (IRDP), aiming to provide self-employment opportunities. The 1990s marked a shift towards liberalization and inclusion of the poor in the growth process through enhanced social safety nets and targeted welfare schemes.

Post-2000, poverty alleviation gained a more comprehensive thrust with flagship programs focusing on food security, employment guarantee, financial inclusion, and social empowerment, recognizing the multifaceted nature of poverty.


Major Poverty Alleviation Programs

1. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

Enacted in 2005, MGNREGA is the world’s largest public employment guarantee scheme, promising 100 days of wage employment per year to rural households willing to do unskilled manual work. It aims to provide income security, create durable rural infrastructure, and empower marginalized communities, especially women and Scheduled Castes/Scheduled Tribes (SC/ST).

MGNREGA’s implementation promotes asset creation such as water conservation, irrigation, and soil conservation, which indirectly support agricultural productivity. The scheme also acts as a social safety net during agrarian distress and economic shocks. Despite implementation challenges like delays in wage payments and leakages, MGNREGA remains pivotal in poverty reduction by injecting purchasing power into rural economies.

2. Pradhan Mantri Awas Yojana (PMAY)

Housing is a critical component of poverty alleviation. The Pradhan Mantri Awas Yojana (PMAY) launched in 2015 aims to provide affordable housing to the urban and rural poor by 2022. The scheme facilitates construction of pucca houses with basic amenities through subsidies, credit-linked incentives, and collaboration with state governments.

Safe housing improves health, security, and dignity for poor families, thereby contributing to overall poverty reduction. The focus on “Housing for All” addresses the structural dimension of poverty, mitigating the vulnerability caused by inadequate shelter.

3. Public Distribution System (PDS) and Food Security

The Public Distribution System is an essential welfare instrument that ensures access to subsidized food grains for poor households. The National Food Security Act (NFSA) of 2013 legally entitles approximately two-thirds of India’s population to subsidized staples such as rice, wheat, and coarse grains.

By guaranteeing food security, the PDS and NFSA reduce hunger, malnutrition, and economic distress. These programs stabilize household expenditure, enabling the poor to allocate resources to education, health, and income-generating activities. The digitization and biometric identification under the Direct Benefit Transfer (DBT) mechanism have improved targeting and reduced leakages.

4. Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM)

This mission promotes poverty alleviation through sustainable livelihoods by mobilizing poor women into self-help groups (SHGs), enhancing their skills, providing microcredit, and linking them to markets. DAY-NRLM empowers women as micro-entrepreneurs, reducing dependency and promoting financial inclusion.

The SHG-bank linkage model has expanded credit access and encouraged community savings. Capacity building and skill development initiatives under NRLM have created avenues for diversified rural livelihoods beyond agriculture, thus mitigating seasonal unemployment and income insecurity.

5. National Social Assistance Programme (NSAP)

NSAP provides social security to the elderly, widows, and disabled persons living below the poverty line through pensions and assistance schemes. The program mitigates vulnerability among the most marginalized sections who often lack steady income and social support.

By providing minimum income support, NSAP helps in reducing destitution and promoting social dignity. It complements other poverty alleviation efforts by addressing income security and enabling participation in economic activities.


Challenges and Way Forward

Despite these comprehensive programs, poverty alleviation in India faces significant challenges:

  • Identification and Targeting: Accurate identification of the poor remains difficult due to outdated data, exclusion errors, and inclusion errors, especially among transient and informal sector workers.

  • Implementation and Leakage: Corruption, administrative inefficiency, and political interference often dilute the effectiveness of schemes.

  • Rural-Urban Divide: While rural poverty programs are well-established, urban poverty is rising with inadequate targeted interventions.

  • Structural Barriers: Issues like unequal land distribution, caste discrimination, inadequate healthcare, and educational infrastructure hamper sustainable poverty eradication.

To overcome these challenges, India must leverage technology for real-time data monitoring, strengthen local governance institutions, enhance capacity building, and adopt integrated approaches that combine income support with human capital development.


Conclusion

India’s poverty alleviation programs represent an ambitious and multi-pronged effort to tackle poverty’s complex challenges. From employment guarantees and food security to housing and financial inclusion, these schemes have contributed significantly to improving the living standards of millions. However, achieving the goal of “poverty-free India” demands continuous policy innovation, robust implementation, and a focus on inclusive growth that addresses economic, social, and structural dimensions of poverty.

For IAS and MBA aspirants, understanding these programs in depth is vital for analyzing India’s socio-economic landscape, evaluating policy effectiveness, and contributing meaningfully to development discourse.