DBT Scheme

Finance Minister Nirmala Sitharaman on Friday said Direct Benefit Transfer of Rs 34 lakh crore has been facilitated by the Public Financial Management System (PFMS) and asked accounts officers to further enhance efficiency and transparency of the system. In a written message to the Controller General of Accounts (CGA) and the Indian Civil Accounts Organisation (ICAO) on the occasion of the 48th Civil Accounts Day, Sitharaman said PFMS has been the cornerstone of establishing an efficient fund flow system alongside a robust payment and accounting network. PFMS is the management information system used by officers of the Indian Civil Accounts Service to maintain the accounts of the government. It is also used to transfer funds to beneficiary accounts of various government schemes via Direct Benefit Transfer (DBT). "The Direct Benefit Transfer mechanism, facilitated through PFMS, has led to the transfer of Rs 34 lakh crore from the government. This is a testament to the system's ...

About 90 lakh new beneficiaries have been added under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme through the Viksit Bharat Sankalp Yatra in the last three-and-a-half-months, according to the agriculture ministry. Viksit Bharat Sankalp Yatra (VBSY) launched on November 15, 2023 is the Centre's flagship initiative to raise awareness on its schemes. VBSY aims to achieve beneficiary saturation under government schemes. "Recently, as part of VBSY, undertaken to ensure saturation of the government's welfare schemes across more than 2.60 lakh gram panchayats, 90 lakh eligible farmers were added to PM-KISAN scheme," the ministry said in a statement. Under PM-KISAN, launched on February 2, 2019, eligible farmer families are provided a benefit of Rs 6,000 per year in three equal instalments of Rs 2,000 every four months. The benefit is transferred directly to bank accounts of eligible beneficiaries through Direct Benefit Transfer mode, using modern digital technology. Since the

After 1947, Sitharaman said, India depended on a growth formula derived from the centralised USSR model where everything was decided at the Centre and one size-fits all methodology was adopted

Open-source Aadhaar and UPI will be two top digital public goods offered; govt trying to take QR-based authentication and payment services global following success of DBT, payment digitisation

PayNearby said it witnessed a 127 per cent rise in customer base during April-May vis-a-vis pre-lockdown months

A majority of street vendors, due to closure of their business, do not have the liquidity to pay back a loan.

Of the Rs 36,659 crore, Rs 27,442 crore has been transferred under CSS and CS and Rs 9,717 by various state governments for its welfare schemes

The firms recollected that earlier subsidy bills were generated as soon as the stocks moved to the district retailers according to the supply plan

As a matter of fact, the study found that people are so unsatisfied with the DBT system being piloted by the government that they want to return to the previous system of grains distribution

He said the govt is utilising digital technology to bring about change that benefit the poor, underprivileged

Scores of schemes like MGNREGA have been linked to DBT, under which the receivables are transferred directly to the beneficiary's bank accounts, he said

Jhan Dhan and MGNREGA are also implemented by 17 ministries and departments which are covered under DBT system

The increase in rate of kerosene comes even as the government has been unable to introduce direct benefit transfer on it, three months after its original schedule of April 1

Centre has asked all its departments and state governments to widen the scope of DBT scheme to include all monetary and in-kind transfers to beneficiaries