It's about helping disadvantaged people overcome their disadvantages. Claiming that it's a racist or exclusionary policy is like looking at someone paralyzed in a wheelchair and then wondering why you have to walk around on your own two feet. However, I also think that the policy misses the mark - not that it doesn't help, but that it really doesn't go far enough. We're applying band-aids to individuals who are still stuck in a system that was designed to break them - to break us all (unless you happen to be a very wealthy white man in a position of power, then you've hit the jackpot. Lucky you.).
I often look at the world through more of a class than a race-based lens, but it's very difficult to disentangle them. Historical systemic racism (for hundreds of years) has certainly impacted the class-status of Black and Native peoples (and to a similar but maybe lesser extent, other racial minorities). While being poor sucks for everyone, white people still benefit in only having to deal with poverty and not poverty + racism. On the other end of the economic spectrum, post-emancipation, we've seen example after example of economically successful individuals, businesses, and communities sabotaged by racism and violence, one of the most famous being "Black Wall Street" in Tulsa Oklahoma, which was burned to the ground by white people "defending" the dignity of one white woman. 300 Black people killed and 1000 homes torched because one Black shoe shiner may or may not (probably not) have tried to assault a white lady elevator operator.
So, you get a pattern over and over again, in which people of color are discriminated against by those in power, and when they've built something for themselves, it gets taken away from them. Over time (not just days or years, but generations), this can lead to a psychological phenomenon calledf 'learned helplessness' in which people just give up trying because through past experience, they expect defeat. You can basically lay the demoralization and pessimism of Black people in America at the feet of white people and the systems they constructed to benefit and protect themselves. Of course, that's all history and the people who did those things (or were victims of it) are all dead now... but the systems are not mortal, they don't die, and they don't depend on their creators for their existence or operation. History stays with us and we are all continuously having to deal with the past.
If you feel an ounce of shame over slavery, jim crow, the 'trail of tears' or other ugly racist systems from history and prefer that we just forget about them and move on, imagine what it's like to be on the other side. The fuckers that kept your people down and systematically erased whatever gains you've made are still around, and still in control. Their racism may not be as overt as individuals in the past, but that's because many of the racist systems have been institutionalized. Instead of personal accountability, they shift responsibility to the abstract, impersonal 'the system,' 'the government,' 'big-business,' etc. which lets them off of the hook for actually doing anything about these issues, particularly when they don't actually touch their personal lives. In general, white people don't hate people of other races; they just don't think much about them at all until they feel inconvenienced when those people start to point out that their needs are legitimate and valid as well and that the systems white people have built to serve themselves are creating significant harm for others.
With this MBDA policy we're 'giving a man a fish' and yes, he'll eat for a day, maybe, if he takes care of that fish and doesn't let anyone snatch it away from him. However, what we need to be doing is asking why there seems to be so few fish to go around, why that one massive fishing boat seems to have all of them, and what might be a more fair and equitable system to keep the man and others like him from constantly facing starvation. As for the captain of the fishing boat, don't worry about him. He may end up with a few less fish in the end, but he'll be alright.