Raghuram Rajan confirms discussion on 'NYAY' scheme with Rahul Gandhi

New Delhi : Confirming consultation with Congress President Rahul Gandhi and former Prime Minister Manmohan Singh on 'NYAY' scheme, former Reserve Bank of India (RBI) governor Raghuram Rajan said that minimum income guarantee scheme is a doable and "well worth".

"I have spoken to Congress leaders, including party president Rahul Gandhi, former Prime Minister Manmohan Singh and former finance minister P Chidambaram on the topic (NYAY)," said Rajan, on being asked about Rahul Gandhi’s claim that the Congress leadership consulted big economists on the Nyuntam Aay Yojana (Nyay) scheme.

Congress President Rahul Gandhi had announced 'NYAY' scheme saying that 20% of the poor Indians will be provided a minimum income of Rs 72000 per year if Congress wins the upcoming Lok Sabha Elections and form government.

Contrary to claims being made by the critics, Raghuram Rajan said that it is "well worth". “We need to make it more than just a handout. It has to be a way of creating a platform for them to become regular contributors of the workforce,” he said. “My sense of what the Congress is saying is that this will all be laid out. We will figure out how to do it. They have proposed a committee, pilot projects and phased rollout. Such a scheme can help inculcate the necessary capabilities in the people and over the medium-term, and can also help boost growth.,” Rajan informed reporters.