Direct Benefit Transfer

On DBT, sources said the officials in the agriculture ministry feel that as of now, financial assistance for lots of schemes, such as farm mechanisation, goes directly into the bank account of farmers

Digital service provider firm BLS e-services on Tuesday announced plans to expand its Business Correspondent (BC) network to over 60,000 agents by 2026-27 to expand its reach across rural, semi-urban, and underserved regions in the country. Currently, BLS e-services, a subsidiary of BLS International, operates a network of over 44,800 active BCs serving more than 23,900 rural/semi-rural PIN codes and 17,600 urban locations. India's Business Correspondent industry is projected to exceed Rs 14,700 crore by FY2025, growing at a CAGR of 19 per cent. With over 13.5 lakh BCs currently active nationwide, BLS e-services aims to cement its position as the most reliable, scalable, and tech-enabled operator in this evolving sector. In a release, the company said it plans to grow its BC base by more than 50 per cent over the next two years, reaching more than 60,000 plus touchpoints by fiscal 2026-27. "Our mission is to convert every BLS outlet into a true one-stop digital access point," said

The programme, meant to give a helping hand to small farmers, is the world's largest direct benefit transfer scheme and unarguably the Modi-led government's most ambitious

Speaking in the UP Vidhan Sabha, Adityanath termed DBT a "decisive blow against corruption"

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

The report notes that this decline in the rural poverty ratio is due to higher consumption growth in the 0-5 per cent decile

The number of children in non-institutional care, including those in foster care, has increased fourfold between 2021-22 and 2023-24, according to government data. In the financial year 2021-22, 29,331 children were covered by non-institutional care. This number increased to 62,675 in 2022-23 and to 1,21,861 in 2023-24, it stated. In a recent letter to states and Union Territories (UTs), the women and child development (WCD) ministry said this rise may be because of the government's initiatives in strengthening family-based care to all children in difficult circumstances. The ministry, however, acknowledged that despite the increase in approvals and fund releases for non-institutional care during 2023-24, the expenditure has been slow in most states until the quarter ending June 2024. It has asked all states and UTs to review and expedite expenditure. District-level officials have been instructed to ensure Direct Benefit Transfer (DBT) enabled Aadhaar-based release of funds under t

In 2023, the average rate at which the Centre procured onions from Maharashtra was Rs 16.93 per kg. This year, it is procuring at around Rs 29.5 per kg via direct benefit transfer

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 ...

It is imperative for government departments to make the governance system citizen-centric, efficient and transparent, President Droupadi Murmu said on Monday. Addressing a group of officers, she said they have joined government service at a time the country is undergoing a digital transformation. "There is a rising expectation among the public for greater efficiency in service delivery while ushering in transparency and accountability. To address these concerns, it is imperative for government departments to make the best use of technology and make the governance system citizen-centric, efficient and transparent," Murmu said. The president was addressing officer trainees of the 31st batch of the Probationers Training Course at the Arun Jaitley National Institute of Financial Management in Haryana's Faridabad. These officers from the Indian Civil Accounts Service, Indian Defence Accounts Service and the Indian P&T (Finance and Accounts) Service had called on Murmu at the ...

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An account which has not been operated for two years is classified as inoperative accounts. RBI said that customers have to submit KYC documents afresh for reactivating the account

In a report, Moody's added that the collection of data by a centralised system increases its vulnerability and gives the least control to the users

Within India's ground realities, it is essential to acknowledge the dominant presence of the informal sector, where a considerable demographic derives sustenance from daily wage employment

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said a total of Rs 2,13,400 crore have been paid to sugarcane farmers in the state through direct benefit transfer (DBT) in the last five years. "Between 2017 and 2023, sugarcane prices worth Rs 2,13,400 crore have been paid to farmers through DBT," the CM said while speaking at the certificate distribution ceremony for the winners of the State Sugarcane Production Competitions. Adityanath said during the previous governments payments to sugarcane farmers used to remain pending for years but now it is being done within a week. "Prior to six years, sugarcane farmers in the state used to face difficulties in obtaining receipts because of discrepancies in the weighing of sugarcane as well as theft of their receipts, which often led to protests by the farmers. "Besides, the untimely closure of sugar mills had caused inconvenience to the farmers. For years, payment of sugarcane price to the farmers was pending but now it is being

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

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 ..

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

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