Cash subsidy under DBT to go up to Rs 1 lakh crore: ASSOCHAM

Total subsidy paid under DBT in 2016-17 was Rs 74,502 crore

GN Bureau | August 29, 2017


#Aadhaar   #DBT   #direct benefit transfer   #ASSOCHAM  
(Illustration: Ashish Asthana)
(Illustration: Ashish Asthana)

Aadhaar cards have facilitated payment of as much as Rs 83,184 crore to beneficiaries of the Direct Benefit Transfer (DBT) schemes, said a study.
 
An ASSOCHAM–Thought Arbitrage Report Card of three years of the Narendra Modi government said that total subsidy paid under DBT in 2016-17 was Rs 74,502 crore.
 
The new target is to cover 534 schemes in by March 2018, out of which 300 are cash schemes and more than 200 are in-kind schemes. Hence, cash subsidy paid under DBT is expected to increase to Rs 1 lakh crore subsequently.
 
“Real benefit of Jan Dhan and Aadhaar is finally reflected in the number of beneficiaries of government DBT schemes. The amount of funds transferred under DBT schemes between January 1, 2013 and March 31, 2017 is Rs 83,183.79 crore, but the real achievement lies not in the amount disbursed, rather in the fact that these amounts were disbursed with minimum leakages or malpractices and that is important in terms of good governance,” the study said.
 
DBT schemes have resulted into weeding out 3.34 crore duplicate consumers under PAHAL and a further 2.33 crore ration cards being deleted, bringing transparency in governance. Total savings under DBT has been Rs 49,500 crore till December 2016. DBT savings have been highest under the PAHAL scheme, amounting to Rs 26,408 crore till December 2016.
 
The ASSOCHAM report card  said the ‘Prime Minister Jan Dhan Yojana (PMJDY)’  is the back bone of financial inclusion, and the first step of creating bank accounts for hitherto uncovered population has been done quite efficiently within a short span of time
 

Comments

 

Other News

Tech firm, telcos prepare to enter 5G era

As the government is set to roll out the 5G spectrum auction, the network providers are also equipping 5th generation network-ready LTE technology.  According to the government, the technology would have an impact of more than $1 trillion on the Indian economy. It is also expected to transform educati

On a personal note: Rabbi Shergill

Punjabi singer, songwriter, and guitarist, Rabbi Shergill rose to fame in 2004 with his chartbuster song ‘Bullah Ki Jaana’ from his debut album ‘Rabbi’. Inspired by rock and Punjabi folk music, he uses Punjabi language to create acoustic rock-based ballads. His poetic and social

NALCO registers Rs 589 crore operating profit in Q3 of 2018-19 FY

National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has posted an operating profit of Rs 589 crore in Q3 of 2018-19 FY, registering 80 percent growth over the same period of last year.   Net profit of the company

Many electronic companies still have no take-back system: Report

In 2016, 44.7 million tonnes of e-waste was generated globally which is expected to increase to 52.2 million tonnes in 2021. As of 2016, it was found out that India is the second and fifth highest generator (in Asia and globally respectively) of e-waste with 2 million tonnes. The mounting pile of e-waste h

India’s per capita power consumption likely to grow by two fold, says power minister

Union power minister RK Singh has said the per capita current power consumption of 1,200 units is expected to grow 2-3 times at par with the international consumption after every Indian gets access to electricity. Singh said the power sector is witnessing an increased demand which is further expect

Net profit of Rs 616 crore posted by SAIL in Q3 of 2018-19

SAIL has posted a profit (profit after tax) of Rs 616 crore in Q3 of 2018-19 FY. SAIL has managed to better its performance over the previous quarter as well by more than 11 percent when it stood at Rs 554 crore. The turnover for Q3 FY’19 improved by three percent over corresponding period of

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter