What is happening in India?? Freebie Culture is going wild | TCS Fired 12,000

Summary

In this video, Prashant Dhawan discusses the issues surrounding India's 'Ladli Behan Yojana' (Sister Scheme) and other welfare programs. He highlights the large-scale fraud involving 14,000 individuals exploiting the scheme, leading to a significant financial burden on the state. Dhawan critiques the growing culture of free money distribution, suggesting it does not lead to long-term development. Instead, he advocates for investing in skill development, particularly in emerging fields like Artificial Intelligence and Data Science, to empower individuals and improve the economy sustainably. He emphasizes the importance of shifting from a welfare model to one that fosters self-reliance.

Takeaways

• 😀 The Ladli Behan Yojana is a government scheme providing financial aid to women across multiple states in India, but it has faced issues with fraud, where 14,000 men fraudulently claimed benefits meant for women.
• 😀 The Ladli Behan Yojana in Maharashtra alone cost ₹35,000 crores in the financial year 2024-25, and is expected to rise to ₹46,000 crores, a significant financial burden on the state.
• 😀 The rise of 'freebie culture' in India, with schemes like the Ladli Behan Yojana, has become politically challenging to cancel, as parties compete by promising increasing amounts of financial aid.
• 😀 The financial aid given through such schemes, while beneficial in the short term, may not address the root issue of poverty or long-term development and can contribute to inflation.
• 😀 India should focus on skill development, especially in emerging fields like Artificial Intelligence, to empower the youth and help them secure better, sustainable jobs, rather than distributing small amounts of money.
• 😀 The IT sector, particularly companies like TCS, is facing challenges like mass layoffs due to skill mismatches, highlighting the need for better training programs aligned with industry requirements.
• 😀 Despite the growing number of government schemes, the focus should shift towards providing quality education and vocational training to ensure long-term growth and employment opportunities.
• 😀 The impact of increasing financial handouts will eventually fall on taxpayers, particularly salaried individuals and businesses, creating a fiscal burden on the economy.
• 😀 The freebie culture, if unchecked, could severely impact India's fiscal health, with increased taxes and decreased spending on infrastructure and public services.
• 😀 Career 247 offers a comprehensive Data Science course designed to equip students with the necessary skills for future job markets, with a focus on live classes, projects, and real-world applications.

Q & A

What is the Ladli Behan Yojana, and how does it function?

The Ladli Behan Yojana is a scheme running in several states of India, including Maharashtra, where women aged 21 to 65 and earning under ₹5 lakh per month receive financial support. Each state has different requirements, but the scheme aims to provide women with a certain amount of money every month, directly into their bank accounts.

What fraud took place related to the Ladli Behan Yojana?

A large-scale fraud occurred in Maharashtra, where 14,000 males wrongfully submitted documents to claim benefits under the Ladli Behan Yojana, which was meant for women. These individuals were taking ₹1500 every month by submitting fraudulent information.

Why is the amount of ₹1500 per month considered insufficient?

Given the rising inflation, ₹1500 per month is not considered enough to significantly improve living standards. While it might provide temporary relief, it fails to address long-term financial growth, particularly in today’s economic climate.

How much does the Ladli Behan Yojana cost the Maharashtra government?

In the financial year 2024-25, Maharashtra spent ₹35,000 crores on the Ladli Behan Yojana. The full cost of the scheme is expected to rise to ₹46,000 crores, equivalent to approximately 5 billion USD.

What is the freebie culture mentioned in the script?

The freebie culture refers to the practice of providing free financial assistance or benefits to citizens, often through government schemes. The speaker argues that this culture is unsustainable in the long term and can lead to fiscal strain, especially when it grows over time.

How could the funds currently used for schemes like Ladli Behan Yojana be better utilized?

The funds could be redirected towards skill development, particularly focusing on areas like Artificial Intelligence and data science, which would equip the youth with the skills necessary for high-paying jobs and contribute to long-term economic growth.

What recent development related to TCS was highlighted in the script?

TCS, a leading IT company in India, recently laid off 12,000 employees. The company cited a mismatch between the skills of the employees and the needs of the industry, not AI automation, as the reason behind the layoffs.

What does the script suggest about the importance of skill development?

The script emphasizes the importance of focusing on skill development rather than just providing financial handouts. By investing in education and training, especially in emerging sectors like AI and data science, India can prepare its youth for future job opportunities, which would significantly improve their standard of living.

How does the script address the growing fiscal burden due to the freebie culture?

The script suggests that as the freebie culture grows and the government continues to provide financial benefits, the burden will eventually fall on taxpayers, including salaried individuals, businessmen, and corporations, leading to higher taxes and a strain on public finances.

What is the significance of the quote 'Give a man a fish, feed him for a day; teach a man to fish, feed him for a lifetime' in the context of the script?

The quote illustrates the script's message that providing temporary financial relief through free schemes is not enough. Instead, the focus should be on equipping people with the skills to support themselves, leading to long-term economic self-sufficiency and growth.