Govt Saved $27 Bn In Schemes Using Direct Benefit Transfer, Says Economic Affairs Secretary
1 year, 10 months ago

Govt Saved $27 Bn In Schemes Using Direct Benefit Transfer, Says Economic Affairs Secretary

News 18  

India saved over USD 27 billion in key central government schemes through direct benefit transfer as it is swift and eliminates corruption, Ajay Seth, Secretary of Department of Economic Affairs said on Sunday. Delivering his keynote address at the second meeting of the Global Partnership for Financial Inclusion, Seth said Digital Public Infrastructure, created by India is inherently scalable, interoperable, innovation-friendly, and inclusive and has completely transformed government to people, people to people and people to business interactions. In our own experience, DBT has entailed a saving of more than USD 27 billion just across key central government schemes,” the official said. “India’s G-20 Presidency is thus an opportunity as well as a responsibility to encourage collective solutions and rebuild trust in multilateralism,” Seth opined.

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Govt improving direct benefit transfer
3 weeks, 4 days ago

Govt improving direct benefit transfer

Deccan Chronicle  

New Delhi: The finance ministry on Sunday said that the department of expenditure has been consistently improving direct benefit transfer or DBT linkages between beneficiaries and on boarding with external systems to facilitate greater ease of living. As part of its review for the year 2024, the DBT through the public financial management system supports digital India by enabling electronic …

India at the Forefront of Digital Revolution: RBI’s Patra
1 month, 3 weeks ago

India at the Forefront of Digital Revolution: RBI’s Patra

Deccan Chronicle  

Mumbai: India is at the forefront of the digital revolution and financial technology is speeding up digital payments, the Reserve Bank of India Deputy Governor Michael Debabrata Patra said on Wednesday. Patra in his inaugural address at the DEPR Conference on 'Digital Technology, Productivity and Economic Growth in India' said that the country is uniquely positioned to unlock new growth …

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth
11 months, 1 week ago

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

News 18  

The Ministry of Finance’s recently released report, ‘The Indian Economy – A Review’, has lauded India’s digital transformation, highlighting the success of the Digital Public Infrastructure and its significant role in delivering services with a citizen-centric focus. The report noted that as the pandemic disrupted economic activities, the government responded swiftly, leveraging the strength of digital public infrastructure, commonly known …

DBT helped save $ 27bn in key central schemes: Union Secretary Ajay Seth
1 year, 10 months ago

DBT helped save $ 27bn in key central schemes: Union Secretary Ajay Seth

Deccan Chronicle  

Hyderabad: The Centre said India has saved over $ 27 billion in key government schemes through direct benefit transfer as the transfers were direct, end-to-end and swift due to which there was little scope for corruption and leakages besides helping to remove names of duplicate and fake beneficiaries. Delivering the keynote address at the second meeting of the Global Partnership …

₹1,70,000 crore through DBT reached people through welfare schemes in AP: Buggana
2 years, 3 months ago

₹1,70,000 crore through DBT reached people through welfare schemes in AP: Buggana

Deccan Chronicle  

VIJAYAWADA: Finance Minister Buggana Rajendranath Reddy said on Sunday that AP took loans of Rs 1,71,176 crore, including the loans by public sector units, and every rupee spent by the state government is accounted for. Keeping in view the welfare of the people, the YSR Congress government has distributed Rs 1,70,000 crore through direct benefit transfer system to the poor …

Record in the Grand Schemes of Things: Direct Benefit Transfers Cross Rs 25 Tn, 56% Achieved Amid Pandemic
2 years, 3 months ago

Record in the Grand Schemes of Things: Direct Benefit Transfers Cross Rs 25 Tn, 56% Achieved Amid Pandemic

News 18  

India’s cumulative Direct Benefit Transfer figure since 2014 crossed Rs 25 trillion on Sunday, marking a landmark in the record quantum of transfer of benefits directly into the bank accounts of millions of beneficiaries under the Narendra Modi government. While in 2019-20, over Rs 3 trillion were transferred through DBT, the quantum grew to Rs 5.5 trillion in 2020-21 and …

UP Set to Hit Record Rs 3 Lakh Crore Direct Benefit Transfer Figure. How It Got There - News18
2 years, 5 months ago

UP Set to Hit Record Rs 3 Lakh Crore Direct Benefit Transfer Figure. How It Got There - News18

News 18  

Uttar Pradesh will soon hit a record Rs 3 lakh crore mark in Direct Benefit Transfer cumulatively to nearly nine crore beneficiaries directly into their bank accounts, senior state government officials in Lucknow have told News18. Sharing details of 168 schemes in which 30 departments of the UP government have sent money through DBT to beneficiaries under centrally Nearly Rs …

Govt Says All Welfare Schemes Must Use Aadhaar-based Direct Benefit Transfer, Seeks Detailed Review
2 years, 5 months ago

Govt Says All Welfare Schemes Must Use Aadhaar-based Direct Benefit Transfer, Seeks Detailed Review

News 18  

The central government has sought a comprehensive review of all welfare schemes implemented by all ministries and departments, and said that all such schemes should be using Aadhaar-based Direct Benefit Transfer, News18 has learnt. The move is aimed at ensuring smooth disbursal of benefits to beneficiaries identified under different schemes of the central government while eliminating duplication of data and …

Direct Benefit Transfer Hits a Record High in Two Years of Covid Pandemic, Data Shows
2 years, 8 months ago

Direct Benefit Transfer Hits a Record High in Two Years of Covid Pandemic, Data Shows

News 18  

Funds transferred to people in cash and kind under various subsidies and benefits rose to a record level of Rs 6.18 lakh crore in the last financial year, more than 63% increase from the last two years, government figures show. This was a significant jump from Rs 5.52 lakh crore doled out to people in 2020-21, the previous financial year, …

EXCLUSIVE I Aadhaar-Enabled Cash Transfer Scheme Helped Save Govt Rs 45,000 Cr in Pandemic Year
3 years, 1 month ago

EXCLUSIVE I Aadhaar-Enabled Cash Transfer Scheme Helped Save Govt Rs 45,000 Cr in Pandemic Year

News 18  

Aadhaar-enabled Direct Transfer Benefit payments during the last financial year that was hit by the Covid-19 pandemic helped save the government nearly Rs 45,000 crore, taking total savings since 2014, when the scheme was expanded, to Rs 2.2 lakh crore, the Modi government has said. Official data reviewed by News18 confirms the big rise in DBT payments in cash and …

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