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Saturday, Nov 27, 2021
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Interview

We Are Wasting Money In The Name Of Budgetary Allocation

Social entrepreneur Vijay Mahajan on how the budget has not addressed the issue of implementation of social schemes and policies.

We Are Wasting Money In The Name Of Budgetary Allocation
We Are Wasting Money In The Name Of Budgetary Allocation
outlookindia.com
-0001-11-30T00:00:00+05:53

Social entrepreneur and CEO, Basix, Vijay Mahajan has worked in the social sector, particularly at the micro enterprise level for decades and feels that though previous governments allocated funds, they were either not spent or did not reach the targeted people. This budget, he says, has reduced outlays in key social sectors looking at the low spend, but has also not addressed the issue of implementation of social schemes and policies or found ways to spend the money properly. Excerpts from an interview with Arindam Mukherjee:

The budget is being termed as pro-rich and pro-corporate while social sectors have got a secondary treatment.

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