Many countries introduced variety of schemes and programs  in past many  years to fight against poverty , equality and unemployment etc for the welfare of their country.But very few of them were adopted and implemented by different governments. Similarly a program termed as Universal Basic Income(UBI),Basic Income or Basic income Guarantee was introduced in order to fight against poverty and inequality in the country.This welfare program is a periodic, unconditional cash transfer to every citizen in the country. Here, social or economic positions of the individual are not taken into consideration. The concept of UBI has three main features. They are as following:

1) UBI is universal in nature. It means UBI is not targeted.

2)The second feature of UBI is cash transfer instead of in-kind transfer.

3) UBI is unconditional. That means one need not prove his or her unemployment status or socio-economic identity to be eligible for UBI.

Basic income can be implemented nationally as well as regionally or locally. Under UBI, only those with zero income will receive the full benefits in net terms. For those, who earn additional income over the basic income, the net benefits will taper off through taxation .So even though the basic income is universal, only the poor will receive the overall benefits. It's really important for the countries to adopt UBI as a form of social security. It will help in reducing inequality and eliminating poverty. Thus it ensures security and dignity for all individuals. UBI program has certain advantages in it's own way. It gives
the individuals freedom to spend the money in a way they choose. In other words, UBI strengthens economic liberty at an individual level. This would help them to choose the kind of work they want to do, rather than forcing them to do unproductive work to meet their daily requirements. UBI would be a sort of an insurance against unemployment and hence helps in reducing poverty. It will result in equitable distribution of wealth, only poor will receive the full net benefits. Besides these numerable benefits of UBI there are certain limitations as well which sometimes turns into argument like a guaranteed minimum income might make people lazy and it breeds dependency.  There is no guarantee that the additional income will be spent on education, health etc. there are chances that the money will be spent on ‘temptation goods’ such as alcohol, tobacco, drugs etc. Though UBI has many advantages, there are many practical challenges too. A transparent and safe financial architecture that is accessible to all is important for the success of the UBI.