Transferring cash to poor families, on the condition that their kids attend school and get vaccinations, has been shown to be an effective way to reduce poverty and improve human health and well-being. Latin America is widely recognized as the pioneer of large-scale conditional transfer programs, starting with Mexico in the late 1990s and expanding across Brazil over the past decade.
Now these programs have the potential for making a serious dent in poverty in India. Under the acronym JAM — Jan Dhan, Aadhaar, Mobile — a quiet revolution of social welfare policy is unfolding. Jan Dhan is Prime Minister Narendra Modi’s flagship program to give poor people access to financial services, including bank accounts, credit and insurance.… Seguir leyendo »