Income scheme will be rolled out in phases: Chidambaram

CHENNAI, Mar 27: The Congress party’s minimum guaranteed income scheme will be rolled out in phases and the five crore beneficiary families will be covered in phases, senior leader P Chidambaram said Wednesday.
Addressing a press conference here, the former Finance Minister said enough economists and experts in the subject have been consulted and they broadly agreed that India has capacity to implement the scheme.
He said the allocation for the scheme is expected to constitute 1.8 per cent of the GDP. Chidambaram said the former RBI Governor Raghuram Rajan was of the view that the implementation of the scheme is possible. (PTI)