Economists including Rahuram Rajan consulted on minimum income scheme: Rahul

Congress president Rahul Gandhi on Tuesday said his party consulted "big economists" including former RBI governor Rahuram Rajan before it came up with the idea of minimum guaranteed income to the poorest 20 per cent households in the country.

Addressing a meeting of his party workers here, Gandhi said Prime Minister Narendra Modi promised to transfer  Rs 15 lakh to every bank account.

"We thought it was a good idea...Rs 15 lakh in bank accounts. But the promise was not fulfilled by Modi. We started our work six months back to make such a thing reality," he said.

He went on to say that his party consulted "all big economists, without telling anyone, without giving any speeches".

"We were engaged in this work for six months. Take the list of all big economists of the world, we consulted them...Raghuram Rajan...one by one," he said.

"First thing, we we came to know was that there should be a minimum income line. We calculated and the result was that the minimum income line should be 12,000 per month," he said.

Gandhi said his party will fulfil the promise.

On Monday, Gandhi had announced in New Delhi that Rs 72,000 per year will be given as minimum income to poor families, benefiting around 25 crore people, if his party is voted to power in Lok Sabha polls, and asserted it will be the “final assault” on poverty.

Gandhi had said 20 per cent or five crore families belonging to the poorest category with monthly income less than  Rs 12,000 would come under the scheme.