Govt evaluating cash transfer scheme to reduce coronavirus impact

Given the nature of cash transfer plans, the govt would need large revenues and may have turn a blind eye to the fiscal deficit

The Union Government is evaluating a cash transfer scheme to reduce the impact of Coronavirus pandemic (Covid-19) on the economy, LiveMint.com reported quoting sources. 

The scheme could be in the form of an universal basic income (UBI), where the targeted beneficiaries would receive a minimum income. It could cover the vulnerable sections of the society, where the impact of Covid-19 is much higher. 

Given the nature of cash transfer plans, the government may need large revenues and should turn a blind eye to the fiscal deficit. The target has already hit 128.5 per cent of  Of FY20 revised estimates during