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LATEST NEWS UPDATES | After 10% quota, Govt plans basic income for poor, aid for farmers -Amitav Ranjan

After 10% quota, Govt plans basic income for poor, aid for farmers -Amitav Ranjan

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published Published on Jan 13, 2019   modified Modified on Jan 13, 2019
-The Indian Express

The 2017 Economic Survey had flagged the UBI scheme as “a conceptually appealing idea” and a possible alternative to social welfare programmes targeted at reducing poverty.

With its legislation on a 10 per cent quota for the general category poor in jobs and education getting parliamentary backing in the run-up to the Lok Sabha elections, the BJP-led government is now exploring the possibility of providing direct benefit transfers to those below the poverty line (BPL) through a universal basic income (UBI) and for farmers through direct investment support.

According to sources, the government may announce a UBI of Rs 2,500 per month initially to families below the poverty line. The money would be directly transferred to this section while ending other sops such as food and LPG subsidy to them, the sources said.

The UBI dole is expected to take care of half the nutritional requirements of a family of five in rural areas and one-third requirement of those who make the urban poor. The government is expected to budget around Rs 32,000 crore for April-June 2019.

Sources said the actual number of beneficiaries would depend on the funds that the Reserve Bank of India transfers to the national exchequer. Persons below poverty line are estimated to be 27.5 per cent of the country’s population.

The 2017 Economic Survey had flagged the UBI scheme as “a conceptually appealing idea” and a possible alternative to social welfare programmes targeted at reducing poverty.

The UBI was signalled in the BJP manifesto for the assembly elections in Rajasthan where the party said it would arrive at the income figure “after taking into consideration (the beneficiary’s) income from various sources and the government benefits (he receives)”.

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The Indian Express, 11 January, 2019, https://indianexpress.com/article/india/after-10-quota-govt-plans-basic-income-for-poor-aid-for-farmers-5532874/?fbclid=IwAR2oPMuUBmsi0YJ2rAf71_UVw_Mf_q-EI1J0aub0


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