[eklavya]

So you are saying the government is going through all these troubles to hand over subsidies and benefits to the poor only to "syphon" it away?

You are forgetting people are being saved from the clutches of money lenders which have enslaved these people for a long time now. Now the poor have the opportunity to get a loan from the bank and a real insurance cover. This change can not be trivialized.

[hrjet]

+1 for moving away from the clutches of money lenders.

Though, the situation isn't that simple. Money lenders often accept undeclared assets as collateral. So for some people (the uneducated or the unscrupulous) money lenders are a boon, not a clutch.