Friday, 22nd September, 2017

RBI appoints professional beggars to tackle Bank’s NPA

07, Jul 2017 By Anirudh Jain

Urjit Patel announced on 5th July that RBI will avail the services of professional beggars who will be a part of the Indradhanush 2.0 which plans to infuse debt-ridden public sector banks with Rs 70,000 crore. According to Bureau Of Labor, India has over 4 lakh career beggars.

The Pradhan Mantri Kaushal Vikas Yojna (PKVY) will hold a recruitment drive to interview potential candidates for the job. According to Kishore Gaikwad, the interviews consist of 3 rounds of begging, first being the standard begging, the second round of begging with religious sentiments and the third round of begging with a prop.

Beggars in attitude now
Beggars in attitude now

This will also be integrated with Pravasi Kaushal Vikas Yojna which provides the youth who are seeking overseas employment with the requisite skills. The professionals will be getting onshore opportunities in Gulf countries where the predominant population follows Islam faith. The professionals will be particularly active in the months of Ramadan where the people practice charity.

The PETB (People for Ethical Treatment of Beggars), a Delhi-based think tank commissioned this study to understand the factors that will increase the ARB (Average Revenue per Beggar). According to a Mckinsey report, the collection amount increases by 24.9% during periods of religious significance. The report also suggested using props like children and crutches to capture the market of guilt money.

When RBI Governer, Urjit Patel was asked for a comment on this scheme he had a prompt reply “Allah ke naam pe dede”