Sikkim to introduce Universal Basic Income (UBI)

Hi,

As per our recent sources the Sikkim state in India can become the first state to introduce Universal Basic Income (UBI.)

First let's understand what UBI is!

As per BIEN (Basic income earth network) - a group of academicians advocating for UBI for all - UBI is a "periodic cash payment delivered to all on individual basis, without means-test or work requirements."

In other words, UBI is a certain fixed amount of money that the government will pay to every citizen (working or non working) periodically without any condition. This amount will be payed in currency(Indian Rupees) and not in vouchers etc. It will be paid periodically, and thus it is not a lump sump amount. And last, it will be paid to each citizen no matter jobless or working a merchant.

Sikkim is aiming to introduce it up to 2022. Note that BIEN is having its 19th conference at Banglore, India, this year.

What is the need of UBI?

The main reason behind the advocacy of UBI is the risk of automation of various jobs in the near future.