By Kalpana Morparia
With general elections nearing, politicians from all hues have been promoting electronic cash transfers. From universal basic income (UBI) and targeted basic income to guaranteed minimum income, a wide array of proposals has been bandied about to provide a guaranteed safety net to India’s poor.
That policymakers can realistically contemplate an electronic cash transfer is testimony to the dramatic change in India’s financial architecture. The push for financial inclusion is bearing palpable results, with swathes being brought under the formal financial system. This, in conjunction with the near-universal rollout of Aadhaar, has a truly transformative potential.Afew states […]
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