QUBRI Scheme- Proposals & Need
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A NITI Aayog member, Ramesh Chand, recently backed the QUBRI scheme ahead of the Union Budget for FY24. This brings the focus back on the concept of quasi- universal basic rural income, highlighted in 2019.
What is the scheme about?
2019 proposal:
- The former Chief Economic Adviser Arvind Subramanian raised the idea of a basic income scheme to guarantee minimum cash transfers to all rural beneficiaries except those who are well-off. He proposed this as a way to effectively address agrarian distress.
- He termed this proposed scheme ‘QUBRI’ or Quasi-Universal Basic Rural Income scheme.
- He noted that while the crisis is agrarian, it has had an adverse imp
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