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  3. Govt asks banks to prepare DBT banking infra in 78 more districts by May 31

Govt asks banks to prepare DBT banking infra in 78 more districts by May 31

11 Apr 2013 Evaluate

For a smooth roll-out of Direct Benefit Transfer (DBT) scheme in the 78 more districts by May 31, the finance ministry has asked all the PSU banks to complete infrastructure network for direct transfers of cash subsidy to the final consumers under the scheme.

The proposed scheme will be extended all over the country through ‘Aadhaar’ the unique identification number and will have their bank accounts linked to that. Further, Aadhaar details received from the district administration or department must be seeded promptly without delay and uploaded on the NPCI Mapper at the end of every day.

As per the finance ministry, the state-owned banks would be required to strengthen the banking infrastructure by May 31 for the proper implementation of second phase of DBT, particularly in the areas that are not covered by the banking services. The ministry has also asked the banks to undertake focused programme for issuance of debit cards, to the beneficiaries under the various schemes, so that they are able to draw the benefit as per their convenience.

Moreover, the banks have also been directed to install and operationalise ATMs at all branches in the identified 121 districts by June 30. Earlier on January 1, the government launched its ambitious DBT programme and a total of 43 districts in 16 states have been identified for the first round of DBT that will cover 26 social welfare schemes.    

The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate corruption from distribution of funds sponsored by the government. In DBT, benefit or subsidy will be directly transferred to the citizens living below poverty line and curbing the subsidy to those who don't require it. The government is also working out propositions to roll out direct transfers of cash subsidy for cooking gas (LPG) to the final consumers under the DBT.

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