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

Thus ends the Chidamba-Run!

The arrest of Palaniappan Chidambaram, former union minister of home & finance, by the CBI, albeit after his much dramatic disappearance and reappearance, has brought an end to his long run from the arms of law. As a finance minister, being at the other end of the law, the former ministe

What Imran’s rant against RSS tells us about Modi’s Kashmir policy

An unintended consequence of the inversion of Article 370 and the division of the state of Jammu and Kashmir into two union territories is the curious revival of Pakistan’s interest in Indian history and sociology. For the first time in decades, a Pakistan prime minister made the Rasht

On a Personal note with actor Neeraj Kabi

Neeraj Kabi, a critically acclaimed self-taught actor, theatre director, and acting teacher, has worked in Odiya, Hindi and international cinema, theatre, television and web series. In 2014 he was honoured with the best actor award at the 4th Sakhalin International Film Festival for his role in the fil

Talking to Trump, Modi hits out at Imran’s anti-India rhetoric

Prime minister Narendra Modi has told US president Donald Trump that Pakistan prime minister Imran Khan’s “incitement to anti-India violence” was not good for peace in south Asia. Modi and Trump had a telephonic conversation – their first since the Aug 5 move to chang

Paediatricians call for junking unhealthy food

As children are consuming more and more fast foods and sweetened beverages are becoming, leading to obesity and related non-communicable diseases (NCDs), the Indian Academy of Pediatrics (IAP) has come out with guidelines on such substances. The dietary guidelines under its nutrition chapter

Modi’s forward-looking I-Day speech lays down 5-year agenda

Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter