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India has averted the rise in extreme poverty through the food security scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), according to the International Monetary Fund report.
A new IMF paper found that extreme poverty (less than PPP USD 1.9 per person per day) in India is less than 1 per cent in 2019 and it remained at that level even during the pandemic year 2020.
Prime Minister Narendra Modi's food security scheme, the Pradhan Mantri Garib Kalyan Anna Yojana, has been critical in preventing any increase in extreme poverty levels in India during the COVID-19 pandemic, added the report.
