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Savings via direct benefits transfer scheme cross Rs 58k-cr mark: Prasad

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

Press Trust of India  |  New Delhi 

Union Law Minister Ravi Shankar Prasad speaks at the 60th Foundation Day function of AIMA, in New Delhi. (Photo: PTI)
Union Law Minister Ravi Shankar Prasad speaks at the 60th Foundation Day function of AIMA, in New Delhi. (Photo: PTI)

has saved Rs 58,000 crore through the Direct Benefit Transfer (DBT) scheme used in various subsidy programmes, Union Minister said on Thursday.

The electronics and IT minister said the is utilising technology to bring about changes that benefit poor and underprivileged.


"We opened accounts for poor and underprivileged. We linked that to and mobile phones. and we started sending gas subsidy, ration subsidy, kerosene subsidy and food subsidy directly to the account. We have saved Rs 58,000 crore which used to be pocketed by middlemen," Prasad said at the AIMA convention here.

This Rs 58,000 crore money is not private money it is payer's money which required to be saved and governance is doing that, he added.

Elaborating on the success of the DBT initiative, Prasad said that the has so far been able to unearth 3 crore fake gas connections and has also annulled 2.7 crore fake ration cards.

"The idea we set for ourselves when we went for revolution is, that we want to create technology which is inclusive and at the same time affordable and dependable," he added.

Linking up various schemes and services like hospitals digitally have benefited the poor and underprivileged, Prasad said.

The minister also confirmed that discussions were held recently to link driving license with card in order contain issue of dual licenses.

"We are going to link up your motor vehicle driving license with Aadhaar," Prasad noted.

Bullish on growth of economy in the country, the minister said the segment would be a 1 trillion dollar industry over the next 5-7 years.

"Indian economy is going to become 1 trillion dollar economy in coming 5-7 years. When I say economy it includes IT and IT enabled services, communications, electronics manufacturing, cyber security, payments and e-commerce," Prasad said.

The segment would also help generate additional employment to around 50-70 lakh people over the next 5-7 years, he added.

Elaborating on mobile companies setting manufacturing plants in the country, Prasad said that over the last three years around 100 new companies have set production facilities.

"Noida and Greater Noida have become a hit with around 32 plants coming up in the region. The units are for mobiles, batteries, chargers etc," he added.

He added that with the growth of mobile segment, app consumption itself is going to become a multi-billion industry in India.

Referring to critics Prasad said: "Jo alochna karte hain woh alochana karte rahen, hum apna kaam karte rahen. (Let those who criticise, criticise, we will keep doing our work.

First Published: Thu, September 28 2017. 15:47 IST
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