Garibi Hatao 2.0: Rahul promises to wipe out poverty

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  1. As part of the Congress manifesto for general elections 2019, Congress chief Rahul Gandhi has announced that 20% of the poorest families in India would be annually given Rs. 72,000 each under the Nyuntam Aay Yojana (NYAY) or minimum income guarantee scheme, if his party was voted to power.
  2. Under the NYAY, the income threshold has been fixed at Rs. 12000 per month. The government would pay the difference.
  3. The proposed minimum income guarantee scheme is in the same line as a universal basic income (UBI) scheme.
  4. UBI is a minimum income (direct cash transfers) delivered by the state unconditionally to every individual every month. It is premised on the belief that every person should have a right to a basic income to cover their needs, just by virtue of being citizens.
  5. The concept of UBI got prominence in India, after the Economic Survey of 2017 promoted the idea of UBI as “a conceptually appealing idea” and a possible alternative to social welfare programs targeted at bringing down poverty. . Economic Survey had outlined three components of UBI–universality, unconditionality and agency.