Direct Benefit Transfer
Recently, according to the government, transfer of subsidies to the beneficiaries through the Direct Benefit Transfer (DBT) has reached about Rs. 5.5 trillion so far in the current financial year i.e., 2022-23.
About DBT
- It was started on 1st January, 2013 with the aim of reforming Government delivery system in welfare schemes for simpler and faster flow of information/funds and reduction of fraud.
DBT Process
The following are the steps or sub-sections, which are the major checkpoints in the Direct Benefit Transfer process:
- Public Financial Management System (PFMS) registration.
- Examination of eligibility of the beneficiary.
- Verification of the beneficiaries' bank account/ Aadhar Enabled ....
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