The volume of direct benefit transfers (DBT) has jumped 37 per cent to 3.9 lakh crore transactions so far this year from 2.8 lakh crore transactions in 2020, reports The Economic Times.
The development was shared by UIDAI chief executive Saurabh Garg who was speaking at an event organised by The Economic Times. Also attending the event, Union Minister Hardip Singh Puri further shared that the amount of money the Centre transferred as part of the DBT scheme this year stood at Rs 68,903 crore.
Puri emphasised that financial inclusion is not only a desirable objective but a developmental imperative today. He further said the Government has taken several steps towards this and specifically mentioned the bank account opening drive that helped open 42 crore accounts.
The DBT based cash transfers include pensions, fertiliser subsidies, the now discontinued LPG subsidy, COVID-related cash help from the Centre and a host of other schemes under the Centre and state administrations. It is being used extensively to help plug the leakages in the subsidy system.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.