q-due-to-covid-19-the-already-raised-level-of-poverty-increased-what-should-be-the-approach-of-poverty-alleviation-at-present-comment

Q. Due to Covid-19, the already raised level of Poverty increased. What should be the approach of poverty alleviation at present. Comment

Why this question:

COVID-19 is taking its toll on the world, causing deaths, illnesses and economic despair. It is pushing about 40-60 million people into extreme poverty.

Key demand of the question:

Due to corona the already raised level of Poverty increased , what should be the approach of poverty alleviation at present.

Directive:

Comment - Here you have to give an overall analysis of the poverty alleviation. You must be defining key terms wherever appropriate, and substantiate with relevant associated facts.

Introduction:Start with a brief introduction to poverty.- Approach to poverty alleviation. - In the next part, explain challenges associated with it.

Body:

 The answer body must have the following aspects covered:

A brief introduction about poverty - How Due to Covid-19, the already raised level of Poverty increased - approach of poverty alleviation.

Conclusion:

Conclude with the way forward.

Model Answer

 

The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction. Extreme poverty, defined as living on less than $1.90 a day, is likely to affect between 9.1% and 9.4% of the world’s population in 2020, according to the biennial Poverty and Shared Prosperity Report. This would represent a regression to the rate of 9.2% in 2017.

The pandemic and global recession may cause over 1.4% of the world’s population to fall into extreme poverty.

In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills, and innovation to move into new businesses and sectors. 

The COVID-19 crisis has also diminished shared prosperity – defined as the growth in the income of the poorest 40 percent of a country’s population.

Approach of poverty alleviation: - 

Poverty alleviation strategies may be categorised into four types including community organisations based micro-financing, capability and social security, market-based, and good governance.

Micro-finance, aimed at lifting the poor out of poverty, is a predominant poverty alleviation strategy. 

Poverty alleviation programs in india:- 

  • Subsidy program - PDS , food and kerosene , subsidy on seeds , fertilizers and raw materials
  • Employment generation - employment assurance schemes , jawahar rozgar yojana now all have subsumed under MGNREGA.
  • Central government sponsored schemes - mid day meal scheme ,sarv siksha abhiyan , swacch bharat abhiyam.
  • Skill development / entrepreneurship schemes - integrated rural development program , pradhan mantri kaushal vikas yojana.