Centre may implement universal basic income to address farmers’ woes

Centre may implement universal basic income to address farmers' woes

share In a bid to address farmers’ woes before the Lok Sabha election, the government is planning to implement universal basic income (UBI) scheme, said sources familiar with the matter.

The centre is yet to take a decision on UBI as the cost and execution is a concern, sources told CNBC-TV18, requesting anonymity, adding that the roll-out of the scheme may be a challenge for the government.

Chief economic advisor (CEA) Arvind Subramanian in the Economic Survey 2016-17 had mooted the idea of universal basic income or a uniform stipend paid to every adult and child, poor or rich.UBI will guarantee […]

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