Rahul Gandhi’s NYAY Scheme Is Subject To Market Risks, Changes With Every Speech

Congress Party’s 2019 election manifesto has promised a ‘Minimum Income Guarantee Scheme’, formally called the Nyuntam Aay Yojana (NYAY), which shall be extended to five crore ‘poorest families’ assuring them a guaranteed minimum income of ₹6,000 per month or ₹72,000 a year. The senior leaders of the party themselves have been unclear about the scheme from the start.

Without even being implemented, the NYAY scheme has seen numerous amendments already. While the Congress president claimed it to be a top-up scheme, a party spokesperson came out to say that it isn’t a top-up scheme and every eligible person shall get a fixed income of ₹6,000 per month.

In a recent rally, Congress President Rahul Gandhi said that the NYAY scheme shall give out ₹8,000 per month, thus creating another confusion. This time it was difficult to defend Congress, but senior journalist Pallavi Ghosh found a way out. Through a series of tweets, Journalist Pallavi Ghosh clarified that the NYAY fund is directly linked with the markets, hence not only varies with the share market but is also subject to market risks. She further added that there are some chances that eligible people might not receive any NYAY at all if the market isn’t conducive.

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