SASSA Introduces Universal Basic Income Grant – It ushers in the move to bring about poverty eradication and minimize economic inequality in South Africa. The South African Social Security Agency is set to implement the Universal Basic Income Grant. This program aims to provide financial relief to the millions of citizens who find themselves unemployed or otherwise excluded from state social support. Such a project would mark a major shift in social security policy and possibly alleviate the plight of the weakest groups in the country.
What is the Universal Basic Income Grant (UBIG)?
UBIG is a social security scheme that would provide conditional financial assistance to its beneficiaries. It would be distinct from targeted programs in existence today, such as the Child Support Grant or Old Age Pension, and offer a far more comprehensive platform for financing those who currently receive no assistance from the state. >
Similar schemes have also been experimented in many countries of the world like Canada, Finland and Spain. This step is being taken in South Africa to remove economic inequality and improve the living standards of vulnerable sections. >
Who is eligible for UBIG?
Although the official terms and conditions of the scheme are still being finalised, the following eligibility criteria have been considered initially: >
- South African citizenship – The applicant must be a citizen or permanent resident of South Africa.
- Age limit – People aged 18 to 59 years can be eligible for this scheme.
- Unemployment – People who do not have any permanent employment or whose income is below a certain limit can avail the scheme.
- Income limit – The government can set a certain income limit so that only needy people can benefit from this scheme.
How to apply for UBIG?
SASSA is preparing a simple and easy application process to implement this scheme. The following options may be available under this:
- Online application – Application can be made by visiting the official website of SASSA and uploading the required documents.
- Direct Application (In-Person Registration) – In case of no internet facility, application can be made by visiting SASSA offices.
- Mobile Registration – Mobile registration units will be run to ensure the reach of this scheme to people in rural and remote areas.
- SMS and USSD Application – People who do not have a smartphone or internet can apply through SMS or USSD code.
Why is UBIG important?
1. Helpful in reducing poverty and unemployment
South Africa has one of the highest unemployment rates in the world, leaving millions of citizens struggling to meet their basic needs. This scheme can become a new hope for those who are deprived of a permanent income source. >
2. Boost the economy
Various research has shown that basic income programs can help revive local business and markets by increasing the purchasing power of people. This scheme can also be helpful in strengthening the country’s economy.
3. Decrease in crime rate and social instability
Economic inequality and poverty often lead to crime and social unrest. This scheme can provide stability to the economically weaker people and help maintain peace in the society.
4. Financial Inclusion
Through this scheme, people can be motivated to open bank accounts, attend financial literacy programs and participate more actively in economic activities.
Conclusion
The Universal Basic Income Grant (UBIG) can prove to be a historic step for South Africa. This scheme will not only provide assistance to the economically weaker citizens but can also contribute to the overall economic growth and social stability of the country. Although its final outline and implementation process is still being decided, it is certain that this scheme will bring a revolutionary change in the social security system of South Africa. Keep an eye on the official website of SASSA for all the updates related to this scheme.
FAQs On SASSA Introduces Universal Basic Income Grant
Q. When will the Universal Basic Income Grant (UBIG) be implemented?
A. The exact date of this scheme has not been decided yet, but the government is seriously considering it and is in the process of policymaking.
Q. How much amount will be given under this scheme?
A. No fixed amount has been decided yet. According to some reports, this amount can be equal to the SRD R350 grant or can be more than it.
Q. Can employed people also avail the benefits of this scheme?
A. If their monthly income will be less than a certain limit or they are deprived of any other government assistance, then they can be eligible for it.
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