UBI, as an alternative for subsidies in poverty alleviation, stands

by

UBI, as an alternative for subsidies in poverty alleviation, stands for

Union Basic Income
Undefined Basic Income
Unconditional Basic Income
Universal Basic Income
This question was previously asked in
UPSC CDS-2 – 2017
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UBI stands for Universal Basic Income.
Universal Basic Income (UBI) is a socio-economic policy proposal aimed at poverty alleviation and reducing inequality, where all citizens of a country receive a regular, unconditional sum of money from the government.
The concept of UBI has been discussed as a potential alternative or complement to existing welfare schemes and subsidies. It is ‘universal’ because it is given to everyone regardless of their income, employment status, or other criteria; it is ‘basic’ as it aims to cover fundamental living costs; and it is ‘unconditional’ as there are no strings attached regarding how the money is spent or whether the recipient works.

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