Bengal unemployment aid scheme
GS3Economy · S&T · Environment · Security· Employment & inclusive growth· Prelims + Mains·
Why in news
The West Bengal government launched the 'Banglar Yuba Sathi' scheme, sparking a surge in registrations among unemployed youth seeking monthly allowances.
Background
The Banglar Yuba Sathi scheme provides a monthly payment of ₹1,500 to unemployed individuals in West Bengal. The state government has allocated a budget of ₹5,000 crore for the program's implementation.
Facts for Prelims
- SchemeBanglar Yuba Sathi: A West Bengal state government initiative providing monthly unemployment allowance.
- FactMonthly allowance amount: ₹1,500 per beneficiary.
- FactTotal state budget allocation for the scheme: ₹5,000 crore.
For Mains
Q. Evaluate the efficacy of direct cash transfer schemes in addressing structural unemployment versus providing temporary financial relief.
Dimensions to cover in your answer
- Fiscal sustainability: Long-term budgetary pressure of recurring monthly payments vs. one-time skill development investments
- Labor market distortion: Potential for 'dependency traps' where cash benefits may disincentivize active job seeking
Keywords: Direct Benefit Transfer · Structural Unemployment · Fiscal Sustainability · Social Safety Net · Labor Market Dynamics
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