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Lockdown: More than Rs 36,659 crore transferred by using DBT through PFMS in bank accounts of 16.01 crore beneficiaries

19-04-2020

Agencies, New Delhi

More than Rs 36,659 crore has been transferred by using Direct Benefit Transfer (DBT) through Public Financial Management System (PFMS) in the bank accounts of 16.01 crore beneficiaries during COVID-19 lockdown by the Controller General of Accounts (CGA) office, Department of Expenditure, Ministry of Finance. 

The aforesaid cash amount has been transferred by using robust digital payments technology PFMS (Public Financial Management System) for making DBT payments under Central Schemes (CS) /Centrally Sponsored Schemes (CSS) /CASP schemes, the Ministry of Finance said in a statement on Sunday.

Cash Benefits announced under Prime Minister Garib Kalyan Yojna Package also being transferred by using DBT Digital Payment Infrastructure. Rs 500 each was credited in the women account holder of Jan-Dhan accounts.

Till April 13, the total number of women beneficiaries were 19.86 crores, which resulted in disbursement of Rs 9,930 crore (as per data of Department of Financial Services).

PFMS usage for DBT Payments increased over last #3 FYs with Total DBT amount disbursed has been increased from 22 per cent in FY 2018-19 to 45 per cent in FY 2019-20.

Direct Benefit Transfer ensures that the cash benefit is directly credited into the account of the beneficiary, eliminates leakage and improves efficiency, the statement said.

 

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