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.
My impression of this is a bit different. What is being done for the corporates is mere policy reform. No money is actually being spent on them apart from the reduction in corporate tax which also will come in four years.
As for the social sector, they are just looking at the 75th anniversary of independence in 2022 with issues like providing roof over...