Centre saved Rs 56,000 cr through Aadhaar-enabled DBT: PM

Image
Press Trust of India Dubai
Last Updated : Feb 11 2018 | 5:55 PM IST
Prime Minister Narendra Modi today said the Centre has saved Rs 56,000 crores through Aadhaar- enabled direct benefit transfer of about 400 government schemes.
Stating that technology plays a pivotal role in the growth of an economy, Modi said one tax structure or GST has been made possible in India only because of it.
In his keynote address at the World Government Summit in Dubai, he said the government's e-market programme of GEM has witnessed transactions worth Rs 4,500 crores in a very short span of time.
Government e-Marketplace is meant for online purchase of commonly used goods and services by various central government ministries and departments.
Modi said due to technology-enabled GEM, even smallest of traders can sell their goods using this platform.
He further said India is going through a revolution in digital payment space and fast moving towards a less cash economy.
Talking about Startup India mission, he said India is creating an ecosystem for innovation through this programme and the country has become a major startup nation in the last two years.
Stating that over 65 per cent of India's population is below 35 years of age, Modi stressed the need to encourage the youth in the field of innovation while seeking international cooperation to realise the dream to create a "New India."
Modi said technology, which is changing at a speed of thought, has given a boost to his idea of 'minimum government and maximum governance' which today has changed the common man's life.
With regard to the role of technology in the government's aim to double farmers' income by 2022, he citied two examples.
First, the soil health card scheme, under which farmers get to know about the health of soil and second is the Krishi Mandi or e-NAM portal, a single window information services for farmers, which has seen transactions worth Rs 36,000 crores.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 11 2018 | 5:55 PM IST

Next Story