Universal basic income has three components – Unconditionality, Universality, Agency. Unconditionality means there are no criteria to distinguish, which makes it available for all. You can read about the Universal Basic Income (UBI) – Necessity, Benefits, Guiding Principle, Pros & Cons in the given link.
Universality ensures every citizen is equally provided with basic needs. As per Universal Basic Income, the government will pay every citizen a fixed amount of money on a regular basis.
- Difference between Minimum Income Guarantee (MIG) and Universal Basic Income (UBI)
- MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) – Facts, Objectives, Roles of State Govt, Gram Sabhas, Panchayats