It will cost the Government of India Rs 21.6 lakh crores a year to implement Universal Basic Income. This will be less expensive to the Government when compared to 9 lakh crores that are spent on too many Government welfare schemes which are very complex to maintain and design. You can read about the Universal Basic Income (UBI) – Necessity, Benefits, Guiding Principle, Pros & Cons in the given link.
- 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