ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Issues and Challenges in Conceptualisation and Implementation of Nyuntam Aay Yojana

Identification of poor households, the missing domain of multidimensional poverty, and fiscal viability are the major challenges before Nyuntam Aay Yojana.

A few years back, the concept of universal basic income (UBI) was proposed in quasi form, as a political manifesto, by introducing the Nyuntam Aay Yojana (NYAY). This proposition has a picayune hope of striking right against the poverty trap in India. The scheme proffered to benefit the poorest 20% of the population (those living below the poverty line [BPL]), by providing a guaranteed cash transfer of `72,000 annually through the direct benefit transfer (DBT) mechanism, into the bank account of any female member of the household. It was proposed to be rolled out in a phased manner, after the pilot and testing stages. Also, it is estimated to cost approximately 1% of gross domestic product (GDP) in the first year and 1%2% in the next year (Chidambaram 2019), after which it is expected to decline with reductions in poverty. NYAY is proposed to be implemented as a joint scheme of the union and state governments.

Poverty eradication programmes have been operational in India since independence. Although there are concerns regarding methodology, basket of goods and services used, reference period, the Government of India continued to estimate poverty using consumption expenditure data and used it for various welfare schemes. The official estimates of poverty suggest that there has been a secular decline in it over time; the percentage of population living BPL has declined from 45.3% in 199394 to 21.9% by 201112 (Planning Commission 201112). However, the concept and measurement of poverty has evolved over the years and goes beyond money-metric dimension to include multiple aspects of health, education and standard of living.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Or

To gain instant access to this article (download).


Pay
INR 59

(Readers in India)


Pay
$ 6

(Readers outside India)

Published On : 20th Jan, 2024

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.