UNIVERSAL BASIC INCOME: IT'S RELEVANCE TO THE INDIAN CONTEXT

Abstract

Universal Basic Income (UBI) is seen as a form of social security. It is a non-targeted provision in addition to the existing services in health, nutrition, education and so on. The researcher has briefly reviewed the salient motivations behind the renewed interest in a Universal Basic Income (UBI) and the notable features of some current UBI schemes. In developing countries like India, such Schemes may not be financially feasible, as yet. A quasi-universal basic income is proposed for targeted beneficiaries, who cannot climb out of poverty without infusion of cash in their bank accounts.