In a first, the restive Indian state of Jammu & Kashmir (J&K) plans to provide a basic income to all its citizens living below the poverty line (BPL). This is the first instance in India of a state committing to a universal basic income (UBI) policy.
In his state budget presentation on Jan. 11 , J&K’s finance minister Haseeb Drabu announced that the state will use direct benefit transfers, wherein the government puts money directly into citizens’ bank accounts, to implement this scheme. “I want to leave the seeds of a thought on how to transition from running social welfare […]
Full Post at qz.com