Congress resolves to launch a Mahalakshmi scheme to provide 1 lakh per year to every poor Indian family as an unconditional cash transfer. The poor will be identified among the families in the bottom of the income pyramid.
The amount will be directly transferred to the bank account of the oldest woman of the household. Absent a woman, it will be transferred to the account of the oldest member of the family.
The scheme will be rolled out in stages and reviewed every year to assess the number of beneficiary families and its impact on alleviating poverty.