Description:

We have to reduce our fiscal deficit in the coming years and this means we must find non-debt resources on a much larger scale if we wish to finance a substantial size plan. This would need reducing large losses in the public sector and also reducing the scale of untargeted subsidies. The operationalization of the Unique Identification Number Scheme, together with developments in information technology, provides an opportunity to target subsidies effectively to those who really need them and deserve them."

Hon'ble PM's inaugural address at the 55th Meeting of the National Development Council on 24 July 2010