Universal Basic Income is the basic income given to all citizens of the country. Some economists consider this a kind of unemployment insurance, which can not be given to everyone. Its introduction in India is being adopted from the electoral manifesto of the ruling party in the state of Sikkim. It is believed that the Central Government is contemplating to give such financial assistance to those who come below the poverty line. If this proves true, then it will be considered a paradox of Universal Basic Income. This type of minimum income is given equally to all citizens of the non-poor and the poor. Otherwise it would be futile to call it ‘universal’. With the introduction of this plan in India, it is necessary to think about its nature, its generality and its birth fears in detail.

• The first logic is that many people coming above the official poverty line are surrounded by a variety of insecurities. For example farmers can be taken, who are surrounded by weather and market threats. Similarly, in the informal sector, the employers always hang on to the sword.
• The assessment of those who came to the poverty line in India has not been properly done. In the Taduvalkar formula, 22 percent of the population, whereas in the C. Rangarajan formula, 29.5 percent of the population was considered below the poverty line. In the Human Development survey of 2011-12, it is seen that many poor do not have BPL cards, whereas one-third of the people have a card, which is not poor.
• This program is being run in the form of minimum economic protection in many countries. It should be seen by linking the rights of the lives of Indian citizens, and should be given to everyone without any discrimination. Every citizen is given police protection like in the country, in the same way every citizen has the right to UBI.
• If it is to be given equally to all citizens, it will prove to be extremely expensive. For this, the subsidy given in different areas can be removed in a phased manner. After one time the subsidy can be completely eliminated, and in its place the fixed amount will go directly to the account of the people. Also, the tax facilities offered in the business can also be reduced partially. The way for the UBI can be found by raising tax on exempted property, inherited property, long-term capital gains, tax free income and present property valuation.

Based on all these, a family can be given a universal basic sum of 16,000. It should be started only by giving money to women, which remains 1.25 percent of GDP.

Without reducing the facilities given to the rich class, it would not be proper to implement this scheme by cutting fiscal deficit or cutting programs in poverty alleviation.

• Some practical problems related to this plan may also come out. (1) There are still many people in the country who do not have bank accounts. (2) Identity of citizens will require any arrangement like Aadhar card. (3) The scheme will need to be linked to some costs of the living index from the beginning. (4) Should the plan be kept separate for children and adults? In the absence of the correct age of the certificate, the implementation of the scheme will be complicated. (5) How will the grant amount be shared between the Center and the States? States have their fiscal capabilities. Apart from this, reaching out to people in remote areas will also be a difficult task. In the case of subsidy, the finance commission will have to co-ordinate between the Center and the States.

The Universal Basic Inkm is a plan that needs to be considered seriously. In haste, it can not be a step to please voters.