Doorstep banking a boon for NREGS workers

Earlier labourers had to wait for 15 to 20 days to receive the payment

PTI | December 14, 2012



Doorstep banking, made possible by the introduction of electronic fund management system, has enabled faster payment of NREGA wages to workers in Tripura's rural areas.

Earlier, an NREGA labourer had to wait for 15 to 20 days to receive the payment, but now he gets his dues as soon as his work is finished, state Rural Development Minister Jiten Chowdhury said.

"Different bank executives during the introduction of the electronic fund management system (EFMS) had assured that they would open micro-ATMS before all Gaon Panchayat so that the NREGA workers could withdraw their money at any time," Chowdhury said.

Micro-ATM is a device carried by "Business Correspondents", appointed by banks, which can identify the beneficiary by using biometrics like rubbing of fingers on the device if his credentials are inserted in the device.

Incidentally, Tripura earned the Excellence Award for implementation of MGNREGA In 2008-09.

Chowdhury claimed that under the scheme Tripura government provided 86 man-days per person in one year even as the rate of giving jobs in other states on an average is 54 days.

The minister said at least 22 crore job cards for MGNREGA were supposed to be issued in the country whereas in reality only 12 crore cards were issued. The result of it is that the number of rural people were increasing day by day.

Tripura is the only state where more than 90 per cent of the population are covered by the Aadhar scheme. The Tripura government first introduced Aadhar-enabled payment system in old age pension on October 18, 2012 at Borakha village in West Tripura district.

Dinesh Mushahary, chairman of the Tripura Gramin Bank, said that Tripura was one among a few states taking banking facilities to the doorsteps of the masses.

Mushahary said his bank had appointed 185 "Business Correspondent Agents" in different parts of the state for taking banking services to the door step.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter