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PM approves architecture for Aadhaar-based subsidy transfer

The new system will cut down wastage, duplication and enhance efficiency in the disbursement of subsidies and other benefits

Prime Minister Manmohan Singh on Friday cleared the architecture of the Aadhaar-based system to launch nationwide cash transfer system for subsidies and entitlements directly into the bank accounts of the beneficiaries. Wages for the National Rural Employment Guarantee Scheme, scholarships, pensions and health benefits will come under this. The new system, which the government plans to implement in a time-bound manner, will cut down wastage, duplication and enhance efficiency in the disbursement of subsidies and other benefits which will be paid through electronic cash transfer. The ...