Banking Term: Poverty Line

Apr 23, 2015 13:28 IST

Banking Term: Poverty Line

People living below the barest desirable nutritional standards of a daily calorie intake of 2400 calories per person in rural and 2100 calories per person in urban area said to be living below the poverty line.
In 1980, the Planning Commission in its sixth Five year Plan document defined poverty line on the basis of nutritional standards.
The daily per capita expenditure is pegged at 32 rupees for the rural poor and at 47 rupees for the urban poor.
Poverty line based on the average monthly per capita expenditure is pegged at 972 rupees for rural India and 1407 rupees for urban India.
The all-India poverty line in terms of consumption expenditure for a family of five is estimated at 4760 rupees per month in rural areas and 7035 rupees per month in urban areas in 2011-12.

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Library

Tags