Busting 5 concerns about Congress' NYAY scheme10 min read 28 Mar 2019, 08:06 PM IST
If and when Congress' Nyuntam Aay Yojana, or NYAY scheme, for minimum income guarantee is implemented, it'll be the biggest basic income globally. Here's a snap analysis
On 25 March, Congress president Rahul Gandhi announced the Nyuntam Aay Yojana, or NYAY scheme. The plan is to give ₹6,000 every month to the bottom 20% of the population of around 5 crore families or 25 crore individuals. Gandhi’s proposal is not that of universal basic income (UBI), of which there has been a lot of talk in the recent past. UBI is basically a small amount of money paid every month to every citizen of a country, without any terms and conditions. In the case of NYAY, the plan is to pay money to the bottom 20% only and not every citizen as UBI envisages.
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