Question

what is poverty line ? explain the two methods to estimate poverty line .

Answer 1

Poverty line refers to the estimated minimum income required to

fulfill the basic necessities of life.

There are two common methods to estimate the poverty line. They are:

·        

Income method: As per government guidelines if

the income of a person is below the set levels which is 40500 to 49000 in rural

areas and 51500 to 60000 in urban areas the person is considered poor.

·        

Consumption method: The government has also

set a limit for calorie intake, if a person is unable to consume the expected

level due to financial constraints the person is considered to be poor.

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