Social Policy Analysis and Development Assignment

A Glance at the HOPE Scheme

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Abstract

The policy analysis paper would speak about ‘financial scarcity’ which is much prevailing

problem in the low income households. This is a problem which directly or directly affects

the entire global economy, the efforts are made by the Government to address the problem

and to make low income households enable enough to survive and sustain.

One of the Schemes for enabling the low income population of the country is HOPE Scheme.

HOPE stands for home ownership plus education. HOPE is a scheme for assistance run by

the Ministry of Community Development, Youth and Sports.

The significance of the problem to social policy is well understood. Poverty or generation of

low income is an extremely serious concern which needs to be addressed by any initiative.

HOPE scheme is one such initiative which assists the low income households to get rid of

their financial problem and scarcity and to put in their limited financial resources in some

constructive affairs which bear fruitful results in future and they can have an improved

standard of living. Such households are served with a direction to get out of the trap of

poverty. The scheme provides assistance in targeted and comprehensive forms. The scheme

has been initiated with an aim to support the low income households so that they get enabled

to concentrate their limited income/ financial resources on their skills up gradation and

education (HOPE Scheme).