Guaranteed Minimum Income

Guaranteed Minimum Income (GMI) is a social policy that ensures every individual receives a basic level of income, regardless of employment status or income from other sources. Its goal is to provide financial security, reduce poverty, and support basic living needs. GMI is typically funded by the government and aimed at helping those facing economic hardship, ensuring they can meet essentials like food, housing, and healthcare. It acts as a safety net, promoting social stability by guaranteeing everyone a minimum standard of subsistence.