Direct Benefit Transfer

One of the significant points highlighted by the report showed how the shift from paper-based disbursals to direct digital transfers made public funds reach the beneficiaries in timely manner.

DBT scheme transforms India's welfare landscape, achieves Rs 3.48 lakh crore in savings: Report

India’s Direct Benefit Transfer (DBT) system, conceived in 2013 and aggressively scaled post-2014, has redefined welfare governance by harmonising fiscal prudence with social equity.

PM KISAN benefits worth over Rs 3 lakh crore transferred to farmers so far

With Prime Minister Narendra Modi releasing the 16th instalment, the scheme benefitted more than 11 crore eligible farmer families with Rs 3 lakh crores disbursed till date

Karnataka govt starts cash disbursal in lieu of 5 kg rice under 'Anna Bhagya' scheme

With the launch of the Direct Benefit Transfer (DBT) programme, the Congress government in the state is fulfilling one more of its five poll 'guarantees' (promises) announced in the run-up to the elections held in May.

Farm Uneasy: Despite push towards access to formal credit, most farmers continue to rely on middlemen for loans

To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana 

Need for more transparency in direct benefit transfers

Some of the DBT returns that banks have been instructed to eliminate still persist. Further, fieldwork indicates that beneficiaries often experience payment failures due to errors in their Aadhaar details and pending KYC forms.

Backend botch-ups hamper Direct Benefit Transfer payments

More than half the payment failures may be due to incorrect Aadhaar details, or bank accounts that are wrongly flagged as inactive

Application delays are a major bottleneck in enrolment for social protection schemes

Prospective beneficiaries of social schemes not only have to cope with delays in processing scheme applications, they often have no clue about the status of their cases or a grievance redressal mechanism.

Focus on direct benefit transfer errors may hurt real, potential beneficiaries: Report

The nuts and bolts that underpin the DBT like complete digitisation of records, seeding of Aadhaar, cash-out architecture are not without fault lines, the report says

Govt likely to put e-RUPI to use for food, fertilizer subsidies, to start with

Moneycontrol has learnt from a top official that to start with, the e-RUPI platform is likely to be used to transfer food and fertilizer subsidies to beneficiaries. Beyond that, while the technology has possibilities, the government will gauge how it develops and how other welfare schemes can be routed through this channel.

Punjab CM opposes DBT for farmers, writes to PM Modi seeking deferment of scheme by 1 year

The Food Corporation of India (FCI) had written to the Punjab government earlier this month seeking land details of cultivators for e-payment of procured crops.

Digital currencies may increase financial transparency but pose risk of disintermediation of banking system: RBI

The RBI observed that CBDC can be designed to endorse financial inclusion by direct benefit transfer, endorse non-anonymity at a personal level and regulate transactions. Adding more, the RBI added that CBDC can help pump central bank ‘helicopter money’.

Finance Ministry allows Madhya Pradesh to raise Rs 1,423 crore additional fund through market borrowing

Successful implementation of the reform has made the state eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).

COVID-19: Govt to transfer financial assistance only through DBT mechanism

There have been various rumours since the government announced the Rs 1.70 lakh crore Pradhan Mantri Garib Kalyan Yojana to help the poor withstand the hardship caused by the coronavirus lockdown.

Rural economy hinges on DBT money as remittances come to a complete halt

Business correspondents are trying to keep their outlets operational so citizens can withdraw the money; but as all businesses stop, how big a hit will rural India take?

States need more financial muscle to fight Covid-19

Tweaking the FRBM Act to allow higher borrowings and front-loading allocation of central funds are the need of the hour

Cash is not always the king

Operational hurdles may come in the way of effective implementation of the direct benefit transfer under the relief package for the poor

Govt saves $1.54 bn in first year of fertiliser DBT implementation: MSC study

Under fertiliser DBT, which was rolled out in October 2017, the government remits the subsidy to fertiliser companies only after retailers have sold the fertiliser to farmers through Aadhaar-based authentication.

Agri finance: Another year, another panel. Will things change?

A new working group suggests a raft of measures to improve agri credit. Sadly, the previous results do not inspire confidence

Budget 2019:PM Kisan Samman Nidhi - A relatively better way to support farmers but still not the most ideal

It is a welcome move as unlike loan waivers, direct income support doesn’t adversely impact the banking system, At the same time, PM Kisan will boost rural consumption

NITI Aayog proposes direct benefit transfer to farmers: Report

The policy think tank has suggested that all subsidies for agriculture, such as crop insurance, electricity, fertiliser, irrigation and interest subvention should be replaced with the income transfer

20 lakh families to get cash under DBT scheme for buying food grains

The government will transfer money into the bank accounts of families, so they can use it to buy food grains at market price.

Is extending direct benefit transfers to fertilizers a boon or bane?

There are signs of improvement for all stakeholders; however, it's still early days as DBT is not yet fully implemented both in terms of geography and its offerings.

Comm Min spent 99.45% of FY17 plan outlay, highest in 5 yrs

Commerce Ministry today said it has spent Rs 2,454 crore under various plan schemes, which is 99.45 percent of the allocation -- the highest in last five fiscals.

84 DBT schemes have 33.52 cr beneficiaries, says govt

There were over 33 crore beneficiaries of 84 schemes that have been onboarded under the direct benefit transfer (DBT) programme at the end of February 2017, the government said today.