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Prime Minister Universal Basic Income Scheme India | KHOJinINDIA

Prime Minister Universal
Basic Income Scheme 2019-20

  • An Indian Invention of Digital India
  • Prime Minister's Universal Basic Income Scheme

    Universal Basic Income Scheme 2019-20: Prime Minister Modi is starting Universal Basic Income Scheme  for all lower class people of the country. Under this scheme, the central government will provide financial assistance to all the poor farmers and unemployed youth. Recently, the Central Committee has announced that it is going to start Universal Basic Income Scheme very soon keeping in mind the interests of all the lower classes of the country. The Universal Basic Income Scheme (UBI Scheme) is going to be implemented by the Central Government throughout the country in the coming financial year.

    The main objective of the Universal Basic Income Scheme is to provide financial assistance to poor people, which will give them incentives. Under this scheme, the funds earmarked by the central government for financial assistance to the lower class people will be sent to the bank accounts of all the beneficiaries. Along with this, financial assistance will also be given to all those whose financial condition is not good. There are expectations that the central government will implement the Universal Basic Income Scheme before the Lok Sabha elections 2019. Financial assistance of Rs 2,500 to Rs 3,000 per month (estimated) will be given to 10 crore eligible citizens under PM UBI scheme .

    Prime Minister Universal Basic Income Scheme

    Like we mentioned above that Prime Minister Narendra Modi is going to start the Universal Basic Income Scheme for all the lower classes of India. The UBI scheme will cover poor citizens according to the Economic Survey 2011 of India. Universal Basic Income Scheme will also include people with zero income, such as unemployed persons. Those who have no source of income. Financial assistance will be provided through Direct Transfer Mode (DBT).

    In addition, this Universal Basic Income Scheme will help in making the poor people more efficient. Along with this, resources will be provided directly to the needy people under this scheme. The official announcement of the scheme will be made by the Central Government in the upcoming Union Budget 2019-20.

    Universal Basic Income Scheme Benefits -

    Under this scheme launched by the central government, the people of economically weaker sections will be given freedom to spend money. The benefits of the Universal Basic Income Scheme are as follows.

    • Along with this, financial independence will also be strengthened at the individual level. So that they can use this money to fulfill their daily needs as well as to do productive work.
    • In addition, the PM Universal Basic Income Scheme will act as an insurance against unemployment and will also be able to reduce poverty.
    • This will also increase the demand for financial services, so banks will be able to invest in the expansion of their service network, which will increase financial inclusion.
    • For any other information related to PM Universal Basic Income Scheme, you can see the PIB official notification of the Government of India . The link is mentioned below.


    Universal Basic Income Scheme Implementation -

    There will be no need to apply under the PM Universal Basic Income Scheme. The government will select the beneficiary according to the data of the Economic Survey of 2011. If the central government makes any changes in the timing of the implementation of this scheme, we will provide you all information related to the application process under UBI Schemes. Right now the following information is available under this scheme.

    • Under this scheme only financial assistance will be provided to the citizens of India.
    • Also, financial assistance under this scheme will be given from Rs 2,500 to 3,000 per month (only required).
    • 10 crore citizens will be benefited under the Universal Basic Scheme country.
    • Funds will be transferred on the basis of direct bank transfer mode.

    The government plans to make an official announcement of the PM UBI Scheme in the financial budget of 2019-2020. At this time , no additional information has been shared by the government about the implementation of the Universal Basic Income Scheme . We will provide you all information through this portal as soon as it becomes available.

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