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LATEST NEWS UPDATES | More schemes under DBT now, but transaction values sluggish -Surabhi

More schemes under DBT now, but transaction values sluggish -Surabhi

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published Published on Oct 3, 2017   modified Modified on Oct 3, 2017
-The Hindu Business Line

Beneficiaries under DBT rise by only 2 crore, value of transactions by Rs. 443 crore

New Delhi:
The ambitious direct benefit transfer (DBT) scheme now covers more than 300 Central schemes, but despite the significant increase in its scope, the number of government beneficiaries and the value of transactions seem to be plateauing.

Between August this year and the last, the number of DBT beneficiaries increased by only 2 crore people, up from 32 crore last year to 34 crore, official data show. Similarly, the total value of transactions in August this year was Rs.3,902 crore versus Rs.3,459 crore a year ago.

Strikingly, the number of schemes under DBT shot up to 313 by August 2017, against a mere 75 a year ago.

In all, Rs.40,891 crore has been transferred through DBT in 2017-18, encompassing over 78.8 crore transactions and 42 crore beneficiaries. Last fiscal, Rs.74,607 crore was disbursed to 35.7 crore beneficiaries through DBT.

Officials point out that beneficiaries for schemes are not mutually exclusive, which means that though the number of schemes has increased under DBT, many of the beneficiaries could be the same.

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The Hindu Business Line, 2 October, 2017, http://www.thehindubusinessline.com/economy/more-schemes-under-dbt-now-but-transaction-values-sluggish/article9883986.ece?homepage=true


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