Arvind Subramanian proposes â¹18k basic income for rural households
Ex-Chief Economic Adviser Arvind Subramanian has proposed a Quasi-Universal Basic Rural Income of â¹18,000 annually to each rural household, except those that are "demonstrably well-off". He said monthly transfer of â¹1,500 to 75% of the rural population can be covered at a cost of â¹2.64 lakh crore. Subramanian added it should be funded by replacing existing farm and fertiliser subsidies.