Sitharaman declares the Congress’s Rs. 1 lakh commitment to families in poverty “irresponsible” and questions the economic worth of such promises.

Sitharaman highlighted the government’s continuous initiatives to help farmers, emphasizing the need to boost their revenue and give their produce access to markets.

Union Finance Minister Nirmala Sitharaman cast doubt on the Congress’s election-year promises in a special interview with CNBC Awaaz, notably on its promise to provide Rs 1 lakh annually to every household living in poverty.

Sitharaman believes that such promises are “irresponsible,” casting doubt on the feasibility and sustainability of such large-scale financial commitments. She called attention to the uncertainty in Congress surrounding the program’s funding source and the number of families it will assist.

The Congress has promised to give an annual payout of Rs 1 lakh to every underprivileged home. But they’re all heedless proclamations. Sitharaman claims that they haven’t disclosed the number of families who would receive support, therefore it’s unclear where they will get this cash.

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Amidst concerns regarding the fiscal consequences of Congress’s commitments to the country’s economy, Sitharaman emphasized the vast array of national priorities, including rural infrastructure advancement, farmer modernization, and healthcare.

“Health, education, and farmer modernization are only a few of the many national concerns. Many areas still have connectivity problems, thus India’s borders need to be upheld, Sitharaman said. “Where will you acquire the cash for the next year, even if you put in a lot of effort and donate Rs 1 lakh every year? And can giving them an annual salary of Rs. 1 lakh get them out of poverty?”

Sitharaman drew attention to Congress’s prior performance, highlighting their broken pledges, including the 2009 forgiveness of farmer loans. She issued a warning, saying that similar promises from Congress would upset the balance of India’s economy. “In 2009, Congress pledged to waive farmers’ loans; however, not even half of the loans were waived. She declared, “Congress will wreck India’s economy once more.”

Sitharaman highlighted the government’s continuous initiatives to help farmers, emphasizing the need to boost their revenue and give their produce access to markets. She gave Prime Minister Narendra Modi credit for his calculated moves to improve the farming industry and guarantee the well-being of farmers. “Our efforts for farmers are connected to many aspects,” the speaker stated. Increasing the revenue and providing farmers with access to markets. Many nations desire to export their agricultural products, such as wheat, milk, and pulses, to India because it is such a large market. Before that, though, the PM is making every effort to give our local farmers access to markets. The PM is carefully trying to make farmers’ lives better.”

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Sitharaman also cited Congress’s decision to halt the government procurement deal at the 2013 WTO summit as evidence of their lack of moral authority to discuss problems about farmers. She emphasized that this decision was reversed under PM Modi’s direction, reiterating the government’s pledge to guarantee farmers receive the Minimum Support Price (MSP).

“I plan to level a charge against Congress. Since Congress decided to halt the government procurement agreement at the 2013 WTO summit, it lacks the moral authority to discuss farmers or MSPs. However, PM Modi fixed it once more. The FM questioned, “The Congress, which carried out this work, is now guaranteeing MSP to the farmers?”