Sonipat launches Center's Direct Benefit Transfer scheme

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    Today, when I give money under the Kisan Samman Nidhi to the farmers, it takes me just 30 seconds to transfer money directly into their accounts.

    I endeavour to bring transparency by employing technology. We have transferred around Rs 35-38 lakh crore in 10 years through Direct Benefit Transfer.

    - PM Modi, 23.05.2024

    Watch full video:
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    The two schemes being launched today will widen the scope of investment and will ease access to capital markets.

    The RBI retail direct scheme will open up govt securities for the public and the integrated ombudsman scheme will improve complaint redressal.

    - PM Narendra Modi

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    Direct Benefit Transfer or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This program aims to transfer subsidies directly to the people through their bank accounts. It is hoped that crediting subsidies into bank accounts will reduce leakages, delays, etc.

    DBT (पहल) Structure: The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate pilferage from distribution of funds sponsored by Central Government of India. In DBT, benefit or subsidy will be directly transferred to citizens living below poverty line. Central Plan Scheme Monitoring System (CPSMS), being implemented by the Office of Controller General of Accounts, will act as the common platform for routing DBT. CPSMS can be used for the preparation of beneficiary list, digitally signing the same and processing of payments in the bank accounts of the beneficiary using the Aadhaar Payment Bridge of NPCI. All relevant orders related with the DBT are available on the CPSMS website.

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