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English Release 30-January 2015
Date Month Year
  • President's Secretariat
  • President of India meets personnel of the tri service band contingents and provost outriders of the three services
  • Vice President's Secretariat
  • NSS CONTINGENT VOLUNTEERS CALL ON VICE PRESIDENT
  • Prime Minister's Office
  • PM interacts with differently-abled children at Gandhi Smriti
  • PM's Twitter Address to the 18th National Conference on e-Governance
  • PM pays homage to Mahatma Gandhi and all the Martyrs who laid their lives for the Nation, On Martyrs' Day
  • Min of Agriculture
  • Area Coverage under Rabi Crops
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp on Swachh Bharat
  • NIA Amendment on Spectrum Auction
  • Min of Defence
  • More Autonomy to be Given in Decision Making to DPSUs and OFBs for Better Performance: Parrikar
  • Ministry of Finance
  • Disinvestment of Coal India Ltd (CIL) Through OFS Successfully Completed; Rs 22557.63 Crore Accrued to the Government from this Disinvestment Process; This is the Largest Ever Disinvestment Among Central Public Sector Enterprises (CPSES)
  • Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold And Silver Notified
  • Gold award for the Income Tax Department under National Award on E-Governance 2014-15
  • Amended Exchange Rates of Foreign Currency Notified
  • Min of Home Affairs
  • Rajnath Singh approves rehabilitation of flood victims and the restoration of public infrastructure in Jammu & Kashmir
  • Union Home Minister chairs High Level Committee meeting for Central assistance to states affected by natural disasters
  • Min of Micro,Small & Medium Enterprises
  • Review Meeting of Pmegp for North Eastern States Held Under The Charimanship of Shri Kalraj Mishra
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointment
  • Chief Minister of Gujarat inaugurates 18th National Conference on e-Governance
  • ACC Appointments
  • Central Armed Police Forces (Assistant Commandants) Exam, 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 46.28 per bbl on 29.01.2015
  • Ministry of Railways
  • Two Day National Technical Seminar on Railway Track Issues Concludes Need to Benchmark the Best Engineering Pracatices of India and Abroad: Suresh Prabhu
  • Suresh Prabhu Flags off Trains Remotely Through Telepresence Service of Railtel, A Railway’s PSU
  • Min of Skill Development and Entrepreneurship
  • Strategic partnerships is a big step to scale skilling initiatives in India: Shri Rajiv Pratap Rudy
  • Min of Statistics & Programme Implementation
  • New Series Estimates of National Income, Consumption Expenditure, Saving and Capital Formation (Base Year 2011-12)
  • Min of Urban Development
  • Shri M.Venkaiah Naidu plainly asks states ‘are you ready for smart cities?’ Says it is a daunting a task but doable; seeks to motivate states
  • NITI Aayog
  • Dr VK Saraswat Assumes Charge as Member of NITI Aayog

Previous Date

 
Prime Minister's Office28-September, 2012 18:40 IST
Prime Minister sets up the Architecture for Cash Transfers
Thrust to Improve Targeting & Reduce wastage & leakages and increase transparency

            In a move to cut down wastage, duplication and leakages and enhance efficiency, the Prime Minister has given a major push to transfer individual benefits from the Government directly into the bank accounts of beneficiaries. This is to be done in a fast-track, accelerated mode to be achieved in a time bound manner. The idea is to move to a completely electronic Cash Transfer System for the entire population.

            In order to accelerate the process, which currently is being tried in pilots on a small scale and whose results are very encouraging, the Prime Minister has set up the architecture for moving to electronic Cash Transfers leveraging Aadhaar.

1.         Architecture for Cash Transfers

            In order to speed up activity and ensure that the shift to electronic Cash Transfers can be rolled out rapidly, the Prime Minister has set up the Architecture for Cash Transfers which will be the coordination mechanism. This architecture will consist of:

i.          National Ministerial Committee - under the Prime Minister with membership of all concerned ministers (Finance, IT, Social Justice, HRD, Minorities, Labour, Health, Food, P&NG, Fertilizers, Planning Commission, UIDAI,). This committee at the highest level would ensure coordination and decision-making at the highest level and impart the necessary urgency to the program.

ii.          National Executive Committee - with the Secretaries of all concerned Ministries as members. This committee would meet frequently to coordinate action, ensure adherence to time lines and sort out hitches in the program as it is rolled out.

iii.         Implementation Mission and Committees - to work on and finalise all operational and implementation details relating to the design and operation of the transfer system. There is a lot work needed to have a smooth roll-out and has to be done in a Mission mode with multiple agencies acting in a coordinated manner.  The Mission will have the following sub-committees:

a.         Cash Transfer Mission - Technology Committee -to focus on the technology, architecture and IT issues.

b.         Cash Transfer Mission - Financial Inclusion Committee - to focus on ensuring Universal Access to Banking and achieving complete Financial Inclusion.

c.         Cash Transfer Mission - Electronic Benefit Transfer (EBT) Committees - to work out the details relating to EBT such as data bases, transfer rules, controls, audits, etc. There would be one for each Ministry which is engaging in benefit transfers.

            The milestones and timeliness for each of these Committees will be clearly laid down.  The National Executive Committee will monitor progress and ensure timely roll-out.  This scheme will have a momentous impact on the government's various social programmes and help million of beneficiaries.

2.         Background to Aadhaar:

            With the rapid rollout of Aadhaar, now covering 20 crore people and rapidly growing to 60 crores, and with the National Population Register covering the other half, it is possible to move to a system of transferring cash benefits directly to the poor.

            A Cash Transfer System can be used for transferring cash benefits such as NREGA Wages, Scholarships, Pensions, Income support of other types and Health Benefits. Electronic Transfer of Benefits (ETB) is a simple change as the transfers are already taking place and the only modification that would be involved is a movement from a paper based, cash driven system to an electronic direct transfer system.

            Cash Transfer System would improve targeting, reduce corruption, eliminate waste, control expenditure and facilitate reforms.

 

3.         Pilots

            The results of pilots are encouraging. Electronic Benefit Transfer (EBT) has already begun in many cases. The Government and RBI have issued Guidelines to Banks for implementation of EBT. Pilots are under implementation, including in AP, Chhattisgarh, Punjab, Rajasthan, TN, WB, Karnataka, Puducherry and Sikkim. 

***

 

SC/SKS

 


(Release ID :88048)

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