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Direct Cash Transfer scheme to cover all districts by year-end
Direct Cash Transfer scheme to cover all districts by year-end
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By Amit Bhandari, Fellow, Energy & Environment Studies Programme, The Gateway House: Indian Council on Global Relations 04-February-2013
Currently being implemented in 51 districts, the scheme will be extended to all the districts across the country by this year end
New Delhi: The direct cash transfer scheme, currently being implemented in 51 districts will be extended to all the districts across the country by this year end,Union Finance Minister P Chidambaram said.
Under the scheme, 100-day employment guarantee programme’s wages, old age pension and medical insurance will go directly to the beneficiaries’ bank accounts.
The Union Finance Minister at a function in Chennai said,
in the Union Budget 2011, the government announced a direct transfer of subsidies to BPL households which is a drastic departure from the existing indirect or price subsidy system wherein subsidies are routed through manufacturers who are required to sell goods below the market rate.
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