PM Modi to pass on Rs 1.3 lakh crore attached by ED to poor through schemes

1. PM Modi schemes for poor
2. ED attachment to support poor
3. Cash and properties for the needy

In a recent statement, Prime Minister Modi announced that all the money seized by the Enforcement Directorate (ED) will be allocated to benefit the underprivileged through various government schemes. Over the past decade, the ED has confiscated a staggering amount of Rs 1.3 lakh crores in cash and properties. This move underscores the government’s commitment to redistributing wealth and supporting those in need. By utilizing these seized assets for social welfare programs, the government aims to uplift the marginalized sections of society and promote economic equality. Prime Minister Modi’s initiative demonstrates a proactive approach towards addressing financial disparities in the country.

All the money attached by ED will be pass on to poor people thru various schemes – PM Modi

ED has attached Rs 1.3 lakh crores worth of cash and properties in last 10 years

— Rishi Bagree (@rishibagree) March 27, 2024

You may also like to watch: Is US-NATO Prepared For A Potential Nuclear War With Russia - China And North Korea?

Related Story.

Prime Minister Modi has recently announced that all the money attached by the Enforcement Directorate (ED) will be passed on to poor people through various schemes. This move comes after ED has attached a staggering Rs 1.3 lakh crores worth of cash and properties in the last 10 years. Let’s delve deeper into this significant development and its implications.

The ED, a specialized financial investigation agency under the Ministry of Finance, plays a crucial role in combating economic crimes in India. Over the years, it has been instrumental in identifying and seizing illicit funds and assets acquired through illegal means such as money laundering, corruption, and fraud.

By attaching such a substantial amount of money and properties, the ED has not only cracked down on economic offenders but has also paved the way for redistributing these ill-gotten gains to benefit the underprivileged sections of society. This aligns with Prime Minister Modi’s vision of inclusive growth and empowerment of the poor.

The decision to pass on the attached funds to the poor through various schemes underscores the government’s commitment to ensuring that the proceeds of economic crimes are utilized for the welfare of those in need. This redistribution of wealth can have a transformative impact on the lives of millions of disadvantaged individuals and families across the country.

One of the key aspects of this initiative is the utilization of the funds for social welfare schemes that focus on poverty alleviation, healthcare, education, and skill development. By channeling the recovered assets into these programs, the government aims to uplift the marginalized sections of society and provide them with opportunities for a better future.

Moreover, by sending a strong message to economic offenders that their ill-gotten gains will be confiscated and used for the greater good, the government is also deterrence against financial crimes. This proactive approach not only ensures accountability but also serves as a warning to those tempted to engage in illegal activities for personal gain.

In conclusion, the decision to pass on the money attached by the ED to poor people through various schemes is a commendable step towards promoting social justice and equitable distribution of wealth. By leveraging recovered assets for the benefit of the less fortunate, the government is not only addressing the consequences of economic crimes but also striving to create a more inclusive and prosperous society for all. This initiative exemplifies the commitment of the government to prioritize the welfare of the vulnerable sections of society and build a more equitable future for India.