Universal Basic Income (UBI)
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Universal Basic Income (UBI)

It is believed that all Indian citizens are liable to receive or get liveable income, regardless of the conditions and circumstances they are born in.

· 1 min read

Universal Basic Income (UBI) - Background Context

The Sikkim DEMOCRATIC FRONT (SDF), the ruling party of Sikkim (northeast India) recently announced the scheme “Universal Basic Income”, before the 2019 election. It is expected to get implemented by the year 2022. If things work as projected plan, Sikkim will be the first Indian state to practice Universal Basic Income.

What makes Sikkim so special?

The State of Sikkim is known to set an example and set up revolutionary reforms in different walks of life, they are known to be this way in the past as well. Some of these are listed here.

  • The State of Sikkim has fewer occurrences of crime against women and a high rate of women workforce participation, which makes Sikkim an ideal place for women to work.
  • The literacy rate of Sikkim has increased by 13.4% ( i.e. 68.8% in 2001 and 82.2% current), which is highest at the national level.
  • The per capita GDP of Sikkim is grown multiple since the years 2004 to 2005, also Sikkim is the least populated state in India.
  • The poverty ratio of Sikkim was 30.9% in the years 2004-2005 and, there was a decline in the poverty level i.e. 22% in the year 2011-2012.
  • The state of Sikkim is India’s first completely organic state.

What is Universal Basic Income (UBI)?

The program Universal Basic Income (UBI) is designed and developed to be deployed in India, the idea is to provide all registered citizens of the country of a given state, or given geographic area of the country with a sum of finance/fund, at some time interval, regardless of their source of income, financial resources or job/employment status. This is the initiative to bridge and minimize the wider gap within different economic classes of India, minimize (ultimate goal is to eliminate) the poverty and promote equality among the citizen. It is believed that all Indian citizens are liable to receive or get liveable income, regardless of the conditions and circumstances they are born in.

Important Reading

  1. Universal Basic Income - Editorial
  2. Farm Loan Waiver