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

On a personal note: DIVINE

An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr

The role model for an IAS officer

Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis

Reform of the civil services: At home and away

The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun

The greatest challenge for any government

Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government

The mysterious case of CBI’s legality

The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i

The Evolution of Modi

Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter