Govt sets Rs 10000 min balance in bank accounts as rural poverty measure

Central Government has set Rs 10000 minimum balance in bank account as one of the 21 parameters to assess poverty in gram panchayats under ‘Mission Antyodaya’. Union Rural Development Ministry’s ‘Mission Antyodaya’ aims to create 50000 poverty-free gram panchayats. The goal is to converge, all existing government initiatives and schemes in these 50000 gram panchayats so that every household within these panchayats is benefited which shall consequentially lead to elimination of poverty. 50000 gram panchayats will be grouped together in 5000 clusters. State wise list of gram panchayats selected for this mission has already been finalised.