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Subsidies must create productive assets: Najma Heptulla

Team Inclusion

Union Minister of Minority Affairs Najma Heptulla addressing the 39th Skoch Summit in New Delhi.

The government subsidies must be directed at providing “permanent solution” to the country’s most pressing problem of poverty by creating productive assets, Union Minister of Minority Affairs Najma Heptulla said at the Skoch Summit here.

Speaking at the second-day of the 39th Skoch Summit Saturday Heptulla said:

“Every penny spent should bring some result. It should be productive… It should have some permanent solution.”

Heptulla pointed out that the government has undertaken a lot of initiatives since independence to remove poverty but the goal has not been achieved even after the 68 years.

“Since early days we have been talking about removing poverty. Several initiatives have been taken. It’s not that we have not achieved any success, but the problem still remains pressing,” said Heptulla.

Theme of the 39th Skoch Summit held 20-21 March is “From Dole to Development”. Heptulla said the need of the hour is to ensure that the public money is utilised productively and not on wasteful doles.

Speaking at the event, Sameer Kochhar, Chairman, Skoch Group, said the government must spend on social security schemes, but the focus should not be on providing just temporary relief.

“Resources are scarce. It should be used to build bridges that will bring the poor into the mainstream,” said Kochhar.

Heptulla emphasised on the need for more concerted efforts to address the problems related to women.   

“In all section of the society women are facing problems. Among the weaker section, women are the weakest. Among the poor section of the society, women are the poorest,” Heptulla said. 

Heptulla also lauded the women’s acumen on managing finances and their contribution to the society. “All women have instinct to be good finance manager. They show great managerial skills for whatever little amount of money they have.”

NITI Aayog member Bibek Debroy also emphasised on the need for more efficient utilisation of subsidies.

(Comments are welcome at info@skoch.in)

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