Will Iran war shake India's flagship welfare schemes? The finance ministry wants to find out
India's finance ministry is assessing the potential impact of external shocks on the government's flagship welfare schemes. The review will check whether external shocks could affect the implementation of schemes such as Pradhan Mantri Vishwakarma and Mudra Yojana.
India's finance ministry is evaluating the potential impact of external shocks, including higher energy prices and supply-chain disruptions, on the government's flagship welfare schemes. Financial services secretary M. Nagaraju will review the schemes at a meeting with major public sector banks and top officials. The schemes under review include Pradhan Mantri Vishwakarma for traditional artisans, Mudra Yojana for small entrepreneurs, and Svanidhi for urban street vendors. The review will also cover financial protection and inclusion programmes such as Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana. The government has stepped up monitoring of fuel supply chains and banking system cyber-resilience to shield the economy from the West Asia conflict. The health of India's nearly 80 million micro, small, and medium enterprises is critical to the economy.
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