The Punjab government has adopted the Electronic Benefit Transfer (EBT) model under which cash benefits to be disbursed to the beneficiaries would be directly transferred to their accounts. The state government has issued instructions to directly credit cash in the bank accounts of beneficiaries under various welfare schemes through Electronic Benefit Transfer (EBT) system to check delays and red-tapism.
Informing this the state’s Social Security and Health Minister Madan Mohan Mittal said the SAD-BJP alliance government in consultation with Reserve Bank of India has adopted the EBT model under which cash benefits to be disbursed to the beneficiaries would be directly transferred to their accounts.
Social Security Department had been giving cash benefits under various schemes like Shagun Scheme, Old Age Pension, Bebe Nanki Kanya Scheme and other financial assistance and it was felt that beneficiaries were facing problems due to late disbursal of amounts, cheques issued on wrong names or cheques issued after expiry of cheque, he said.
Chief Minister Parkash Singh Badal opined that late disbursal of financial assistance defeated the very purpose of such schemes and directed Finance and Institutional Finance Departments to coordinate with RBI and other banks for online credit of financial assistance, the state’s Social Security and Health Minister, Madan Mohan Mittal, said.