<h1>India's Rural Poverty Drops to 4.86% in 2024, Driven by Government Initiatives, Says SBI Report.</h1> Rural poverty in India declined to 4.86% in the fiscal year ending March 2024, down from 25.7% in 2011-12, largely due to government support programs, according to an SBI research report. Urban poverty also decreased to 4.09% from 13.7% in 2011-12. The report highlights that government initiatives, such as direct benefit transfers and infrastructure development, have significantly improved rural livelihoods and reduced income inequality. The report suggests that poverty rates in India could now be between 4-4.5%, with minimal extreme poverty. The poverty line is set at Rs 1,632 for rural and Rs 1,944 for urban areas.