The Economic Survey 2016-2017 brought to light that Universal Basic Income (UBI) is feasible for India and that it can replace all existing social welfare schemes.
The latest Economic Survey also points the possibility of implementing UBI in at least one or two states in the near future.
In developing countries, the unconditional direct cash transfer scheme is looked at as a poverty alleviation programme. The cash is directly deposited in the beneficiaries’ bank account, no questions asked.The beneficiaries will, at the max, only be required to have a bank account and show residence proof to receive the benefits. For the […]
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