The volume of direct benefit transfers (DBT) has jumped 37 per cent to 3.9 lakh crore transactions so far this year from 2.8 lakh crore transactions in 2020, reports The Economic Times.
The development was shared by UIDAI chief executive Saurabh Garg who was speaking at an event organised by The Economic Times. Also attending the event, Union Minister Hardip Singh Puri further shared that the amount of money the Centre transferred as part of the DBT scheme this year stood at Rs 68,903 crore.
Puri emphasised that financial inclusion is not only a desirable objective but a developmental imperative today. He further said the Government has taken several steps towards this and specifically mentioned the bank account opening drive that helped open 42 crore accounts.
The DBT based cash transfers include pensions, fertiliser subsidies, the now discontinued LPG subsidy, COVID-related cash help from the Centre and a host of other schemes under the Centre and state administrations. It is being used extensively to help plug the leakages in the subsidy system.