Direct Benefit Transfer

Centre saved $27 bn in schemes using DBT method: Economic Affairs secy

India saved over USD 27 billion in key central government schemes through direct benefit transfer as it is swift and eliminates corruption, Ajay Seth, Secretary of Department of Economic Affairs said here on Sunday. Delivering his keynote address at the second meeting of the Global Partnership for Financial Inclusion, Seth said Digital Public Infrastructure (DPI), created by India is inherently scalable, interoperable, innovation-friendly, and inclusive and has completely transformed government to people, people to people and people to business interactions. And since the transfers are all direct, end to end, and swift, there is little scope for corruption and leakages and removal of duplicate/ fake beneficiaries. In our own experience, DBT has entailed a saving of more than USD 27 billion just across key central government schemes, the official said. In India, DPI enabled DBT emerged as a boon in providing succour and relief to millions of citizens whose livelihood was impacted. T

MGNREGS work demand back to pre-pandemic level, shows Economic Survey

The work demand under the MGNREGS hovered around the pre-pandemic level between July to November 2022, the Economic Survey released on Tuesday said, attributing it to the "normalisation of the rural economy" and "swift recovery from Covid-induced slowdown". According to the Economic Survey, which was tabled in Parliament by Finance Minister Nirmala Sitharaman, in the current financial year, 6.49 crore households demanded employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) till January 24. Of them, 6.48 crore households were offered employment and 5.7 crore of them availed it, it said. "The number of persons demanding work under MGNREGS was seen to be trending around pre-pandemic levels from July to November 2022. This could be attributed to the normalisation of the rural economy due to strong agricultural growth and a swift recovery from Covid induced slowdown, culminating in better employment opportunities," the Survey said. According to the ..

3.14 mn poor families to get Rs 300 through DBT for mustard oil in Haryana

A total of 3.14 mn BPL families in Haryana will receive Rs 300 through DBT for mustard oil beginning next month

Is DBT the solution for agri subsidy transfers? There is no direct answer

In India, farmers receive subsidised supply of inputs as agriculture subsidies and the difference between the actual cost of supplying and the price paid by the farmers is reimbursed to the suppliers

Technology helped to plug leakage in benefit transfer to poor: FM

Technology adoption by the government for the benefit transfer to targeted people has plugged leakages and ensured good governance, Finance Minister Nirmala Sitharaman has said. Delivering the NT Rama Rao Memorial Lecture on Friday, she said, "What Prime Minister (Narendra) Modi has done is by adopting technology he has contained the leaky bucket process. There are no leaks, the beneficiary who must get that money gets it". Technology has become a big instrument through which human folly and temptation are contained, she said at the Gandhi Institute of Technology and Management (GITAM). "Today, the way we have adopted technology is ensuring that benefits reach the common public, one of the goals of good governance has been achieved," a press release by GITAM quoted Sitharaman as saying. Earlier this month, the Prime Minister had said that the government has so far transferred Rs 25 lakh crore through direct benefit transfer (DBT). "I am not saying this is foolproof. Ingenuity will

Cash-out: Issues with direct benefit transfer's growing ambit

In-kind schemes, introduced in 2017-18, accounted for only 10.8 per cent of total benefits (cash and kind) dispensed under DBT. Today, in-kind transfers account for 60 per cent of total benefits.

BJP, Congress spar over credit for Direct Benefit Scheme after IMF praise

A day after IMF Deputy Director of Fiscal Affairs Department Paolo Mauro praised India's DBT scheme, a political slugfest broke out between the ruling BJP and Congress

Over 9 mn direct benefit transfer payments are processed daily: IT ministry

On an average over 90 lakh direct benefit transfer payments are being processed in India daily to send money directly into the account of eligible beneficiaries of government schemes, an official statement said on Thursday. According to data shared by the Ministry of Electronics and IT, on average 28.4 crore digital transactions are performed in a day. "India is today leading the world in digital payments in particular and also becoming pre-eminent country in use of technology to improve citizens lives. Governance - The India stack and other various digital government solutions are now envy of the world's nations. India leads digital and digital leads India thanks to PM Narendra Modi Ji's vision," minister of state for electronics and IT Rajeev Chandrasekhar said in the statement. More than Rs 24.8 lakh crore has been transferred through Direct Benefit Transfer (DBT) mode since 2013, Rs 6.3 lakh crore in the financial year 2021-22 alone; on an average over 90 lakh DBT payments are .

Govt to move benefits to apprentices' accounts via Skill Development Corp

The Ministry of Skill Development and Entrepreneurship announced that the National Apprenticeship Promotion Scheme (NAPS) will be a part of Direct Beneficiary Transfer (DBT) scheme.

40% of global real-time digital payments happened in India in 2021: PM Modi

The Prime Minister also talked about the success of the Direct Benefit Transfer (DBT) schemes, highlighting the large volumes of money that have been transferred directly to the beneficiaries

Why did previous attempts to boost domestic oil palm production fail?

Massive forest loss and impact on wildlife, long gestation, small farm holdings among hurdles to cultivation

The many ways in which e-RUPI could alter the country's economic landscape

e-RUPI: The mechanism could eliminate dual pricing and target the black economy, while taking the nation one step forward towards establishing its own digital currency

PM Modi launches 'big reform' e-RUPI to make targeted DBT benefits work

It's a digital voucher developed by NPCI that will be transferred directly to mobile phone as an SMS string or QR code, redeemable at merchant points delivering services related to the benefit scheme

Results of reforms

Direct payment for crops will benefit farmers

Infosys looks to double headcount in Canada in 12-18 months: Nilekani

The Aadhaar architect pointed out that Canada is a great centre for artificial intelligence (AI) and University of Toronto and Montreal are big centres for the new-age technology

Covid-19 lockdown: 20 mn construction workers got Rs 4957 cr aid, says govt

About 17.5 million transactions were done directly into the bank accounts of the workers through Direct Benefit Transfer

PayNearby disburses over Rs 6,000 cr of DBT transactions during Apr-May

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

Covid-19: Experts seek income support, cash transfer for those affected

NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.

Chhattisgarh to launch Rajiv Gandhi Kisaan Nyay Yojana from May 21

The farmers would be paid Rs 10,000 per acre for paddy, corn and sugarcane crops, based on the registered and procured area for the kharif season

Progress of direct benefit transfer under PM Garib Kalyan Package

The government has so far transferred Rs 31,235 crore directly to either the bank account or employees' provident fund of 331.4 million people from the vulnerable sections of society